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.
Rajesh 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.