The UK telecommunications regulator, Ofcom, has been provided with a grant from the Department of Business, Energy, and Industrial Strategy to seek solutions for efficient management of the British telephone landline utilizing blockchain innovations.
According to the announcement released by Ofcom, up until April of 2020, the participants of the telecommunication industry will be offered to test porting and handling of millions of phone numbers with help of blockchain and its distributed ledger technology. This campaign involves all providers, from industry to third-party ones.
Blockchain innovations, for instance, will let consumer porting handle the life cycle of a phone number changing data to facilitate voice call routing and ownership. The blockchain will regard to phone numbers as to cryptocurrencies, in order to better the handling of landline phone numbers.
In the United Kingdom, there are 1 billion landline phone numbers available, counting in the ones in use and those to be used in the future. The phone numbers will be issued in blocks to those who run the telecommunications, subsequently porting them.
Blockchain technologies are expected to decrease the expenses of regulations, improve the flexibility of the industry, overall experience for the clients upon turning to providers of telecommunications, and contribute to the efficiency improvement for phone fraud handling and preventive measures against illegal activities.