Tech Mahindra, Subex partner on blockchain-based solutions for telecom operators

IT services firm Tech Mahindra and Subex , a telecom analytics solution provider, today announced a strategic partnership to drive scale adoption of blockchain-based solutions for telecom operators globally. These solutions will enable fraud mitigation and drive operational efficiencies for communication service providers (CSP) by reducing compliance complexities and faster time-to-market.

The partnership will enable real-time reconciliation reports with summarised data to minimise discrepancies, leading to reduction of multiple validations and quick dispute resolution through tamper-proof verifiable transactions. It will also expedite settlement for communication service providers (CSPs) and drive enhanced visibility in the end-of-the-month billing cycle. The CSPs will benefit from enhanced operational efficiencies by leveraging blockchain based smart contracts and forge more impactful alliances to drive trust amongst diverse stakeholders.

“Being a service provider of choice for global telecom operators, Tech Mahindra will help reduce overheads and enhance business profitability. …Tech Mahindra aims to offer a cutting-edge solution built on Blockchain and smart contracts that optimizes spends and proactively mitigates disputes. In the collaboration with Subex, adding blockchain as the middleware will add the necessary layer of security and ensure faster and efficient operational process,” said Rajesh Dhuddu, Blockchain and Cybersecurity Practice Leader, Tech Mahindra.

Tech Mahindra will roll-out solutions for telecom operators backed by its capabilities in operations support systems (OSS) and business support systems (BSS) domain. The solutions will be integrated with Subex’s blockchain network and the capabilities of an enterprise-grade DLT (Distributed Ledger Technology) network. Further, Tech Mahindra plans to extend the existing intercarrier settlement implementation in phase-II to include roaming agreements through smart contracts and thereby lead to reduced cost of operations, faster turnaround times and minimize disputes.

Rohit Maheshwari, Head – Strategy & Products, Subex, said, “With Subex’s strategy of enabling businesses to build trust within the digital ecosystem, we believe that Blockchain-based technologies will play an important piece to that puzzle. Towards this, we have made significant strides towards leveraging Blockchain in solving challenges across multiple use cases.” Founded in 1994, Subex has spent over 25 years in helping global Communications Service Providers maximize their revenues and profitability.