IBM highlights European blockchain projects

For anyone with an interest in enterprise blockchain, it’s hard not to notice IBM’s presence. The company says it’s involved in more than 500 projects globally. Today IBM revealed details about some of its European projects.

Telefónica and telecoms billing

The major telecoms company is working with IBM on a proof of concept for international mobile call billing. When users make an international call, the routing of the call results in charges between phone companies in different regions. The blockchain project helps in traceability of that information between the providers. By sharing the data, it helps to prevent fraudulent behavior and reduce discrepancies. Telefónica is also a part of the Carrier Blockchain Study Group a consortium which includes many of the major telecoms companies. However, consortia tend to prioritize projects as a group. Hence quite often individual companies accelerate plans that are important to them on their own.

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