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Tech Mahindra Collaborates with Subex for Blockchain-based Solutions

Tech Mahindra has formed a strategic partnership with Subex to drive scale adoption of block-chain-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.

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

Rohit Maheshwari, Head – Strategy & Products, Subex, said,”It is indeed a great pleasure for Subex to be joining hands with Tech Mahindra, towards making Block-chain a business reality within the telecom world. With Subex’s strategy of enabling businesses to build trust within the digital ecosystem, we believe that Block-chain-based technologies will play an important piece to that puzzle. Towards this, we have made significant strides towards leveraging Block-chain in solving challenges across multiple use cases. Considering Tech Mahindra’s visionary stance towards Block-chain, and their renowned leadership towards driving digital transformation projects built upon the technology, we believe that this partnership will go a long way towards increasing the adoption of Block-chain within the telecom industry.”

The partnership will enable real-time reconciliation reports with summarized data to minimize discrepancies, leading to a reduction of multiple validations and quick dispute resolution through tamper-proof verifiable transactions.

Further, this collaboration will 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.

Tech Mahindra will roll-out solutions for telecom operators backed by its proven capabilities in operations support systems (OSS) and business support systems (BSS) domain. The solutions will be integrated with Subex’s block-chain network and the capabilities of an enterprise-grade DLT (Distributed Ledger Technology) network.

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Aishwarya Saxena

A book geek, with creative mind, an electronics degree, and zealous for writing.Creativity is the one thing in her opinion which drove her to enter into editing field. Allured towards south Indian cuisine and culture, love to discover new cultures and their customs. Relishes in discovering new music genres.

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