Jiang Wei, president of the China Telecom Blockchain and Digital Economy Joint Laboratory, said this in an interview published on the Chinese news portal Cebnet Blockchain technology has significant use cases that could improve the 5G mobile network.
China Telecom estimates that 2019’s China 5G services are expected to have around 170 million subscribers by the end of 2020. Wei said this China Telecom expects blockchain to play a critical role in reliable management, secure interaction and efficient collaboration between multiple network participants and devices.
Make 5G technology more transparent and convenient
Wei said that the 5G blockchain will bring social capital to the 5G landscape. He believes this will help industry finance the 5G infrastructure. He also pointed out his belief that blockchain will help share and track usage of 5G resources.
China Telecom is also experimenting with blockchain to improve international roaming services. This company sees blockchain as a way eliminate the need for third parties. If you are right, this could make related services more fluid and convenient.
Obstacles remain with the blockchain / 5G implementation
“Before we could see efficient blockchain and 5G integration, there are several issues that need to be addressed with blockchain technology,” said Wei. “Of these, the legality and security aspects of smart contracts are a primary concern.” Wei continued:
“Even from a design perspective, intelligent contracts cannot be repaired or updated. Therefore, intelligent 5G contracts must formulate standardized solutions for bug fixes and updates. “
On the other hand Scalability and interoperability are two obstacles that hinder the integration of these two technologies. With the right collaboration and experimentation from global institutes, we can still integrate the two technologies, leading to better communication services around the world.
In August 2019, Cointelegraph reported that China Telecom released a white paper explaining its idea for 5G blockchain phones.