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Blockchain and Telecoms

Blockchain and Telecoms

Blockchain technology is widely discussed. Depending on who you ask, it is either a foundational technology, poised to disrupt and transform a wide range of industries – or a passing fad used to move around make-believe money online. Admittedly, cryptocurrencies such as Bitcoin and Ethereum are, to date, the only largescale, real-world deployments of blockchain technology. Nonetheless, many companies are testing and developing prototypes and launching pilot projects. Though financial technology companies are firmly in the lead, telecoms operators are also experimenting with blockchain technology. A recent report forecasts that the blockchain-fortelecoms market will grow from around $50m in 2018 to almost $1bn in 2023.

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