The Telecommunications Industry Should Adopt Blockchain Technology

The telecommunications industry has seen better days. However, recent trends indicate that the next few years will significantly disrupt the status quo. Although most of the change will be driven by traditional technology, such as 5G and edge computing, blockchain has also been proposed as an ideal solution to many of the biggest problems facing the telecommunications industry. These problems include privacy and security issues, network control and ownership, and many more. This article will review how blockchain will change our world in general and specifically how it could revolutionize telecommunications. History Of The Evolution In Telecommunications The telecommunications industry has changed in several ways over time. The first telephones were installed in England in 1879. Still, it was quickly realized that wires were not enough to get electricity from one place to another – something with better range and reliability was needed. So electromagnetism took over, and we began building everything with copper-wire telegraphs (and later telephone lines). However, even that wasn’t enough. We soon saw that electromagnetic waves needed a medium to carry them through space. Thus, the wireless came into being. We now use electromagnetic wave propagation to move information around without wires or cables at all! This technology transformed communication on Earth and set us on our way toward becoming a global society. We also saw ho...