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China Mobile Plans to Use Blockchain Technology for Mobile Data Top-Ups - Report

China Mobile Plans to Use Blockchain Technology for Mobile Data Top-Ups - Report Image Credit: LuckyStep48/Bigstockphoto.com

China Mobile, the largest mobile operator in China, announced plans to leverage blockchain technology for mobile data top-ups, Coindesk reported

According to patent application filed with China's State Intellectual Property Office (SIPO) in November 2016 and made public last Tuesday, the Operator is looking into using blockchain network to handle transaction requests for mobile data top-ups and remove the heavy processing load from its data centers.

The Operator issued a statement saying that "A centralized structure imposes a significant cost of security and trust as it needs to integrate a system's safety, privacy and anonymity into a design, which inevitably increases the difficulty of technology renovation with even a higher cost of maintenance. As such, we need a new decentralized technology to manage the mobile data allocation."

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Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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