How Blockchain Technology Can Transform Telecom Industry?



When compared to other marketplaces, The number of people using smartphones and mobile internet is found to be very huge in India, That’s ‘why we have chosen India and its network services provider for better understanding

The leading Network Players: Telecom Industry

When compared to other countries, the Indian telecom sector is found to have a big competition, after the arrival of Reliance Jio, the competition has become like a bull run. Yes with the free network services, JIO has gained 50 million users in just 83 days of its launch and has gained 100 million subscribers at the end of 2017.  Based on the market share and customer base,  the list ascends as follows. (As of May 2018)

1. Airtel

Yearly Revenue: $15 Billion

Shared Ownership: Bharti enterprises and Sing Tel (64% and 36%)

Market  Share: 24.85%

Customer Base: 303 Million

2. Idea

Yearly Revenue: $5.5 Billion

Shared Ownership: Aditya Birla and Axiata (64% and 36%)

Market  Share: 16.83%

Customer Base: 200 Million

3. Vodafone India

Revenue: $6.6 Billion

Ownership: Vodafone Group plc

Market Share: 18.20%

Customer Base: 208 Million

4. BSNL

Revenue: $5.1 Billion

Ownership: Government of India

Market Share: 11%

Customer Base: 100 Million

5. Reliance

Revenue: $3.5 Billion

Ownership: Reliance ADAG (90%) and SSTL (10%)

Market Share: 0.06%

Customer Base: 12 Million

6. JIO

Revenue: $800 Million

Ownership: Reliance Industries

Market Share: 15.31%

Customer Base: 186 Million

The Revenue Model of Telecom Industry

The common business model of the telecom industry “Connecting peoples through calls, messages and other services. This is what we know, but none of us know what techniques they are using to generate revenues.

1. Cost per Minute ( Acquiring charge of connecting STD, LOCAL, ISD calls per Minute)

2. Subscribers Retention  - (Frequent calls about Offers, Free services, Extra plans and etc)

3. Reaching the Rural People ( To extend the network growth)

4. Revenue through Internet connectivity services

Apart from the other two, the second one seems to be a weird one. Because in this case, network service providers collect our personal data like our DOB, Shopping details, Online Booking details, and etc. So based on this acquired data they used to give the most appropriate offers and services in order to pull back to their business funnel.

Know more about How Blockchain Transform Telecom Industry.


Comments

Post a Comment

Popular posts from this blog

How Binance Sensei Analyzes Market Trends to Help You Make Informed Decisions

Image
  Introduction Binance Sensei Web3 AI is the latest offering from the world's largest cryptocurrency exchange, Binance. This innovative platform is built on cutting-edge AI technology, enabling it to analyze vast amounts of data, identify trends, and make real-time predictions on the crypto market. It is designed to make it simple and easy for traders, investors, and crypto enthusiasts to make informed decisions and stay ahead of the curve. Feature of Binance Sensei:   One of the standout features of Binance Sensei is its ability to identify patterns and trends in the crypto market, which allows it to make accurate predictions on future market behavior. The platform analyzes historical market data, social media activity, and real-time trends, providing users with a detailed view of the market, and enabling them to make informed investment decisions. Binance Sensei uses advanced machine learning algorithms to improve its predictive capabilities over time, making it an extremely reli
Read more

The Impact of Blockchain Technology in Future

Image
Blockchain Blockchain, the most talked business right now and creating more and more opportunities across industries. In the context of Blockchain,  "Trust"  could mean everything. Blockchain technology is a public distributed ledger with no central authority, the global network of computers jointly manages the database. Cryptocurrencies use permissionless blockchain, while business blockchains tend to be permissioned. Here the blockchain uses Consensus Mechanism like  Proof-of-work and proof-of-stack  to ensure the information in the database is always correct and secure. Blockchain is categorized into two: 1. Permissioned Blockchain (require permission to add in a group or community) 2. Permissionless Blockchain (anyone can join here) Though some of the world's leading companies develop blockchain applications. It is still in the nascent stage. The truth is that no one really knows how to actually design a blockchain interface. But still, blockchain is
Read more

Smart Contract Development: Building Trustworthy DApps in the Web3 Era

Image
  In the rapidly evolving landscape of blockchain technology, the emergence of smart contracts has brought about a paradigm shift in how we conduct transactions and engage with decentralized applications (DApps). As we transition further into the Web3 era, the significance of smart contract development becomes increasingly paramount.  This blog post aims to explore the pivotal role that smart contracts play in the creation of trustworthy DApps, navigating the complex world of blockchain development with the guidance of Bitdeal, your dedicated partner in blockchain development. The Rise of Smart Contracts in Web3 Understanding Smart Contracts Smart contracts represent self-executing agreements with the terms of the contract directly encoded into software. These contracts operate on a blockchain, automatically executing predefined actions when specific conditions are met. By eliminating the need for intermediaries, smart contracts ensure transparency, efficiency, and trust in transacti
Read more