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UK Telecom Regulator Blockchainle Receives Grant on Phone Number Management

UK Telecom Regulator Receives Grant for Phone Number Management with Blockchain

The United Kingdom (UK) Communications Office (Ofcom) announced on October 8th. He was awarded £ 700,000 ($ 916.00) from the Business, Energy and Industrial Strategy Department (BEIS) to explore Blockchain technology. The grant will help the UK telecom regulator examine how the blockchain can improve the management of fixed phone numbers.

Founded in 2016, BEIS is supported by 46 agencies and public institutions. And it is a government department responsible for business, industrial strategy, science, innovation and energy and climate change policy.

As a requirement of the announcement, Ofcom is trying to test "millions" of phone movement and management by using industry-based blockchain technology, and the agency itself will coordinate the business. The statement, "the numbers of these numbers, their numbers and movements (their) control and out of the hands of the telecom operators who manage to control," he said.

UK Telekom Regülatörü Blockchain ile Telefon Numaralarını Yönetecek

UK Telecom Regulator to Manage Phone Numbers with Blockchain

According to the regulator,

previous attempts to create a central database failed due to collaborative barriers and high costs. It will reveal the direction in which Blockchain technology advances.

Ofcom notes the potential of the blockchain, noting that legal regulation and reduction of work costs are the main benefits of ”increasing industry agility” and more effective management of disturbing calls and frauds. Technical Director of Ofcom Mansoor Hanif said:

Iz We'll work with the industry to discover how Blockchain replaces providers while maintaining their numbers and helps reduce how the troubles are reduced more quickly and easily. And we will extend our research to other areas where innovative technologies like blockchain can be applied to benefit consumers. "

Telecom operators in other countries are also considering using blockchain technology to manage their networks. In July, China's three major telecom operators began to create a blockchain research group, aiming to create a bir trusted blockchain application team to explore the blockchain field. Temmuz

In July, South Korea's largest telephone company, KT Corporation, launched its blockchain-backed commercial network. The firm wants to make it more secure and transparent. He built a blockchain layer over the existing network across the country to manage data more efficiently.

Related Topics:beis blockchain crypto guide uk uk contact office

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Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Real crypto OG's will rally around me.

The real ones that know the truth, and what happened from day 1.

Talk to you guys soon.⏳#FreeTrevon

— Trevon James, Founder of our.glass Crypto (@BitcoinTre) May 28, 2021

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

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Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

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Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph