China’s Telecoms Pioneer Planning to Move Mobile Data to Blockchain
June 6, 2018 11:09 am
China Mobile Corporation Is Exploring The Use Of Blockchain Technology In Its Mobile Data Business
China Mobile Corporation, a standout amongst the three state-owned telecommunications pioneer in the country, is exploring the utilization of ledger technology inside its core mobile data business.
As stated by patent application documented with China’s State Intellectual Property Office (SIPO) in November 2016 and made open on Tuesday, the organization is aiming the improvements of a blockchain network to handle transaction requests for top-ups and uproot the heavy processing load starting with its data centers.
With such a system, that report says, the point when a client initial indications dependent upon to a network plan, an initial top-up transaction will be made together for the user’s data. This data is then saved in a blockchain that comprises of what the firm calls “top-up nodes.”
Subsequently, when the client sends requests to further data top-ups, China Mobile would charge funds from the user’s account, In which the point the blockchain nodes might check the transactions given the majority of the data at that point holds on the client. Following verification, China Mobile might afterwards allocate a greater mobile data of the user, as stated by request.
Similarly, as such, the system might support a chain of records of a user’s transaction history in a decentralized way. In the filing, China Mobile said that the exert comes at once when the firm is confronting rapidly increasing numbers of mobile devices and a resultant spike in data requests from clients.
The organization commented on the possibility of favorable circumstances of the proposed technology, saying:
“A centralized structure imposes an important cost of security and trust as it needs to combine a system’s safety, privacy and anonymity into a design … which inevitably increases the difficulty of technology improvement with even a higher cost of support. As such, we need a new decentralized technology to manage the mobile data allocation.”