What's Hot

    the Cardano Foundation joins The Linux Foundation

    June 25, 2022

    The bear market is the best opportunity

    June 25, 2022

    The new hunting ground for cryptocurrency scammers

    June 25, 2022
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    THECRYPTNEWS
    • Home
    • News
    • Guides
    • NFT
    • Analysis
    THECRYPTNEWS
    Home » Blockchain for telecommunications: ETSI creates a working group
    Guides

    Blockchain for telecommunications: ETSI creates a working group

    AdminBy AdminDecember 22, 2021No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The European Telecommunications Standards Institute (ETSI) is launching a new group of industrial specifications for the blockchain.

    ETSI (European Telecommunications Standards Institute), which brings together companies such as Intel, Huawei and Vodafone, has announced its interest in blockchain technology by creating the group Industry Specification Group.

    DLTs applied to telecoms

    Its mission: to explore the potential of DLT technologies (Distributed Ledger Technology).

    The standardization body ETSI will thus examine how the blockchain can be used by the telecommunications ecosystem, as it explains in a blog post.

    The group’s first meeting will take place on January 24 at Telefonica’s offices in Madrid, Spain. The line of work will be discussed during this kick-off meeting during which the group leaders will also be elected.

    A potential of a billion dollars for the Telcos

    It will above all be a question of exploring the private blockchain (permissioned in English).

    This is because DLTs can be permissionless (public) or authorized (private).

    While the general public is more familiar with permissionless DLTs thanks in particular to Bitcoin, authorized distributed ledgers are better suited to address more business-oriented use cases of interest to industry and government institutions.

    ETSI’s new working group will focus on the challenges of how DLTs work, business use cases, functional architecture and solutions for their operation, which includes interfaces, APIs, protocols and data models, as well as other topics.

    Blockchain represents a billion dollar opportunity (GlobalData study) for telecom companies, however, provided they take the measure and act proactively.

    This is the whole objective of the Industry Specification Group dedicated to blockchain that ETSI is setting up.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Admin
    • Website

    Related Posts

    ABF: the promise of a national blockchain at VivaTech

    June 17, 2022

    NFT Cloud: what we know about the Salesforce initiative

    June 13, 2022

    “Smart contract”: development security to be reviewed?

    April 29, 2022

    Cryptoassets to the rescue of Ukraine?

    March 4, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    Recent Posts

    • the Cardano Foundation joins The Linux Foundation
    • The bear market is the best opportunity
    • The new hunting ground for cryptocurrency scammers
    • Crypto Firms Cut Ad Spending by 90% After Bitcoin (BTC) All-Time High
    • Ava Labs launches a handy new feature

    Recent Comments

    No comments to show.

    Subscribe to Updates

    Get the latest sports news from THECRYPTNEWS.

    Advertisement

    Archives

    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021

    Categories

    • Analysis
    • Guides
    • News
    • NFT

    The leader in news and information on cryptocurrency, digital assets and the future of money, THECRYPTNEWS is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
    We're social. Connect with us:

    Facebook Twitter Instagram Pinterest YouTube WhatsApp Reddit
    Top Insights

    the Cardano Foundation joins The Linux Foundation

    June 25, 2022

    The bear market is the best opportunity

    June 25, 2022

    The new hunting ground for cryptocurrency scammers

    June 25, 2022
    Get Informed

    Subscribe to Updates

    Get the latest creative news from THECRYPTNEWS

    Facebook Twitter Instagram Pinterest
    • Home
    Copyright © 2021 Thecryptnews.com

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
    Cookie SettingsAccept All
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT

    DMCA - Terms and Conditions - Privacy Policy