Blockchain is increasingly becoming popular, especially in the communication and banking sectors. Blockchain technology has the potential to be used in the telecom industry for various purposes, including improving the security and transparency of data transactions, reducing costs, and enhancing the speed and efficiency of data processing. South Korea’s leading mobile carrier Korea Telkom is in the process of launching a new project “FUTURE INTERNET”, which will supposedly be using blockchain technology for security in telecommunications systems. Find out more about Korea telecom blockchain data roaming incoming service below.

In order to launch a blockchain-powered data roaming service this year, the carrier is cooperating with global network operators including Sprint and Japan’s SoftBank. In the long term, KT plans to use blockchain to power finance, IoT, smart energy and healthcare businesses.

Lynnette Luna, Principal Technology Analyst at GlobalData, says: “KT’s adoption of blockchain is likely to have a significant impact on the South Korean market as it dominates the local landline and broadband Internet market. KT sees revenue arising from enabling the secure and efficient exchange of data among people and businesses and allowing people to control their own data. This is particularly attractive at a time when users are increasingly unhappy with how companies like Google control and exploit their information.” korea telecom blockchain data roaming

In the OTT messaging market, Telegram and Kik are embarking on cryptocurrency strategies while Japan-based social messaging platform Line and Kakao are researching blockchain applications.

Seo Young-il, Korean Telecom (KT) chief researcher, believed that this technology can bring revolutions in the industry. Having said that this technology is still to be tested under beta. Before that nothing can be predicted further.

Blockchain and data roaming in telecoms

Some telecom companies, such as Orange and Verizon, have already explored the use of blockchain technology in various aspects of their operations, but it’s unclear if they have specifically implemented blockchain in data roaming. It’s also possible that other telecoms have implemented blockchain in data roaming, but this information may not be publicly available.

Overall, blockchain has the potential to bring significant benefits to the telecom industry, but its adoption and implementation may vary depending on the specific needs and priorities of each telecom company.