India is the first country to use blockchain to check pesky calls. The benefit of the technology is that all the information can be recorded and more options can be given to customers regarding commercial communications. The telemarketers will not have access to database of telecom customers and they can only reach out to those, who have opted to receive the communication. Any spammer who uses a normal 10-digit number to communicate with people can be tracked immediately after a few people report to Trai as data can be matched.
TECHNOLOGY TO THE RESCUE
- 230 million subscribers have registered on the “Do Not Disturb” registry
- The DND registry came into effect in 2010
- Now blockchain will be adopted as RegTech (regulatory technology)
- Information can be secured cryptographically and made available only if needed
- Nobody (like spammers) can deny their actions or tamper with data once recorded on blockchain
- It is a co-regulation where telecom operators can establish and arrange a framework
- The solution will be demonstrated to everyone before deployment
- Trai likely to come out with final rules and solution by July-August
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