The UK will allocate money to the national telecom regulator to explore and implement blockchain technology in the field of organization and management phone numbers.
Last Friday it became known that the UK government will provide to the national telecom regulator Ofcom about 700 thousand pounds (915 thousand dollars) for a project that uses blockchain technology to improve U.K. telephone number management.
On Monday Ofcom had provided more detailed information about the project. The press release says that for British citizens, there are about one billion telephone numbers that are already used or reserved for distribution. The Ofcom representative explained that the department sends the blocks of these numbers to telecoms operators who are engaged in their management, porting and control.
At the moment the UK is in the process of transition from traditional telephone lines to Internet infrastructure, so that existing systems can face some problems. The blockchain technology, in turn, can be used to reduce costs, make porting more efficient, fraud prevention and providing customers with superior service.
Mansoor Hanif, Ofcom's CTO, said:
"Our Department will work with industry members to explore blockchain technology, which can speed up and simplify the process of changing provider when saving phone numbers, and also to reduced the nuisance calls. In addition, we will continue research in other areas where such advanced technologies like the blockchain can be used for the benefit of customers".
Earlier, Ofcom have attempted to develop a new database to implement these improvements, but past attempts have failed, because centralized databases at the time had too high a price. Blockchain platform, in turn, offers the ability to create cost-effective and future-proof solutions.
The press release also says that any solution implemented within the project will be tested prior to its use in the industry. In addition, regulators are going to share key knowledge, best practices and the main code base with their colleagues from other regulatory agencies.