2023 will be the fourth peak season since Covid temporarily forced volume surges on the package carriers, and the carriers forced “peak” surcharges on the shipping public. This year, however, the USPS is making a big, albeit late, play by not following FedEx, UPS, OnTrac and other carriers in instituting peak surcharges.
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Zero Knowledge Proofs (ZKPs) will move the industry toward the fully digital NaaS ecosystem that represents the future of telecom. ZKPs help eliminate billing errors, validate that all orders are optimized, and generate significant operational efficiencies and savings for all parties.
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Service outages and the service level agreement disputes they trigger are frequent sources of headaches for carriers of all types and sizes. MEF and its member companies are well down the path to automated SLA credit calculations and mutual endorsement within a secure, public telecom blockchain environment. There is extreme value to be had for both buyers and sellers through timely SLA enforcement, namely in the form of productivity gains and improved user experience.
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MEF in partnership with SIB’s telecom and blockchain division, is piloting a revolutionary blockchain-based subscription service for automating the SLA reporting process. This pilot is derived from the MEF Wolf Town Accelerator that uses a member-defined open pre-standard smart contract in the roles of buyer and seller respectively.
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You’ve no doubt heard the hype about blockchain. But unless you’re in the one percent of the world’s largest telecommunications carriers big enough to stand up and maintain private blockchain solutions between yourself and your largest trading partners and customers, the reality of distributed ledger technology has always seemed a long way off.
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