Telecom Sector Disruption: TOMIA’s New Blockchain Solution Will Be Powered By Microsoft Azure

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Telecom Sector Disruption: TOMIA's New Blockchain Solution Will Be Powered By Microsoft Azure
Telecom Sector Disruption: TOMIA’s New Blockchain Solution Will Be Powered By Microsoft Azure

Blockchain is one of the main disruptive technologies. It can be applied as back-end solution into many different sectors to radically change it, normally for the better. And in that context, TOMIA, an end-to-end platform for maximizing margins from roaming and interconnect, just announced a new optimized blockchain based solution to the telecoms market. This solution will extend TOMIA’s solutions for the inter-carrier market to include blockchain-based settlements across the interconnect and roaming ecosystems.

TOMIA has been seeing rapid change associated with the digital transformation of the telecoms market that is driving settlement optimization. The new solution from TOMIA will change the way settlement and dispute management is handled in both the interconnect and roaming worlds.

To provide a very detailed and comprehensive solution, TOMIA is joining forces with leading blockchain platforms and experts including Microsoft and its Azure Blockchain Service, KPMG and R3. The new platform will be built on R3’s Corda.

Marco Limena, CEO of TOMIA said, “We are privileged to work with Microsoft, the leading enabler of digital transformation. This is a testament to the unmatched value of our technology innovation, as well as to our strong record of 25 years in delivering premier services, consistently meeting performance targets, and our market leading expertise in roaming and interconnect.”

Microsoft Azure and Azure Blockchain Service helps TOMIA deliver solutions that allow communication service providers to focus more on their customers’ experience and less on managing servers and daily operations,” said Marc Mercuri, Principal Program Manager, Blockchain Engineering at Microsoft Corp. “The Blockchain Settlement solution addresses a variety of issues related to the telecommunication industry and allows CSPs to take advantage of the flexibility and enterprise-grade reliability that Azure provides.”

“Blockchain has the potential to deliver transparency and visibility, providing the opportunity to help reduce reconciliations and increase efficiencies associated with traditional interconnect billing, roaming and partner settlement processes. KPMG is pleased to be working with TOMIA”, said Arun Ghosh, KPMG’s National Blockchain leader.

David E. Rutter, CEO of R3, said, “As the telecoms market becomes increasingly digitized, there is a significant opportunity to improve the efficiency of settlement and dispute management processes, saving time and costs. We think the Corda blockchain, with its focus on security, scalability and performance for enterprise use, provides the ideal technology platform for developing new solutions. We’re excited to be engaging with some of the industry’s most experienced and accomplished names, TOMIA, KPMG and Microsoft, to work on this project.”

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Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.