BLOCKCHAIN TO THE RESCUE
- Blockchain, popularly known as a digital ledger, which records virtually everything of value, will be deployed to check pesky calls
- India is the first country to use the latest technology to curb such communication
- Spammers can be easily tracked through data matching even when they use normal 10-digit phone numbers
- New rules allow infrastructure sharing and outsourcing
- The per unit cost of compliance would be negligible for telecom operators
- The advantage of blockchain is that consensus is automatically built, accepted and propagated through a network of nodes
- Technology used by other regulators, primarily in relation to the financial sector
- Implementation of new regulatory framework would benefit all stakeholders
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