The Wire solution provides a billing, payment, and subscriber contracting system for Mobile Network Operators (MNO) using de-centralised smart contracts on a blockchain platform. Abstracting the contract and billing mechanism from the operator’s traditional business support systems and moving it to a blockchain platform provides many attractive benefits such as contract flexibility and transparency, additional security, and scalability.
There are over 7 billion global mobile service subscribers generating billions of calls, messages, and data sessions every day. Servicing this demand whilst attempting to offer compelling propositions in a highly competitive market environment, is an on-going challenge for all Mobile Network Operators (MNO). In many cases, MNOs are constrained by ageing billing systems or ‘traditional’ ways of forming a contract with the subscriber.
Legacy mobile business support systems were usually built around the ability to deliver a simple handset and combi tariff, generate a regular paper or electronic bill for the subscriber, and to take payment via a direct debit or payment card, simply because that was all that was needed at the time. Now though, there is an increasing need for MNOs to offer different products, to provide pricing and payment flexibility, and to provide a better and more immediate experience for the subscriber.
The Wire solution will lever the innate ability of blockchain technology to provide a secure and de-centralised environment, and the power of electronic smart contracts, to provide an alternative billing, payment, and subscriber contracting architecture for Mobile Network Operators (MNO).