Leading Telecoms Join Clear’s PoC to Settle IDD Voice Data in Real-Time

We’re excited to announce that leading telcos BT, Telefonica and Telstra have joined our IDD Voice Proof of Concept to speed up settlement times in the telecommunications industry. The news was announced following our presentation at the Global Leaders Forum (GLF) during International Telecoms Week (ITW).

The GLF is comprised of top telecommunications industry executives to foster an environment within the industry that focuses on ubiquity, collaboration and interoperability between providers.

“We’re excited to help build the future of blockchain in the Telecommunications Industry, and to explore how companies can come together to create blockchain networks for the benefit of all,” said Gal Hochberg, Clear’s CEO.

Earlier this year we completed our first PoC with GLF members, PCCW Global and Colt to settle international wholesale minutes. This PoC used historical data and successfully reduced inter-carrier settlement times from hours to minutes. During a panel discussion at ITW, it was announced that PCCW Global and Colt would be expanding their PoC, and that additional GLF members would be joining.

The new PoC takes the first trial a step further by integrating with the carrier’s production network to settle data in near-real-time, using automatic dispute resolution and settlement logic encoded in smart contracts.