India’s Telecom Regulator to Curb Spam via Blockchain

The TRAI - Telecom Regulatory Authority of India, is interested in blockchain technology in order to curb telemarketing spam through phone calls and SMSs
30 May 2018   804

The first measure of such kind, watches the regulator draft guidelines on Tuesday in order to fight the prevalent issue of unsolicited calls and communication through a  mobile SMS, according to the report of Indian business daily Economic Times.  The regulator claims India’s telecom subscriber base achieved 1.19 billion users in December 2017.

TRAI is looking at blockchain technology as securing the contact information of hundreds of millions of users cryptographically to provide privacy. The information will only be acceptable to registered telemarketers under definite conditions.

TRAI chairman R.S. Sharma declared that the problem is widespread in the country, affirming that the officials had failed in their previous attempts to examine unsolicited telemarketing calls. The regulator is aimed to work with telecom operators and other stakeholders to solve the difficulties with a regulatory framework while involving the  blockchain technology.

Blockchain will ensure two things — non-repudiable[record keeping] and confidentiality. Only thoseauthorizedd to access details will be able to access subscriber details and only when they need to deliver service… TRAI will become the first organization to implement this kind of regulation. 
Ram Sewak Sharma
Chairman, TRAI

The blockchain ledger also will record all communication between subscribers and telecom firms to capture users’ consent for information. The ‘Telecom Commercial Customer Preference Regulation’ project will be available for comment till June 11.

Bank of China to Issue $2.8B Blockchain Bonds

Bank used its own DLT system to issue blockchain bonds
09 December 2019   54

The fourth largest state bank, the Bank of China, has issued two-year blockchain bonds for small businesses totaling $ 2.8 billion.

To issue digital certificates, Bank of China used its own blockchain system.

It is also the first blockchain-based bond issue accounting system in the country.

Bank of China

Securities will go on sale with an interest rate of 3.25% per annum.

Thus, the bank hopes to raise funds to support small businesses in the country. As of September, as part of this initiative, the bank provided loans to small and micro enterprises for a total of $ 57.7 billion.