China Mobile Corporation, among those 3 state-owned telecommunications giants from the nation, is researching the use of dispersed ledger technology inside its heart mobile data firm.
With such a system, the record states, when a user signs up for a community program, a first top-up transaction will be generated along with the consumer’s information. This information is then saved on a blockchain which is composed of exactly what the company calls”top-up nodes”
Subsequently, once the user sends requests for additional information top-ups, China Mobile would debit money in the consumer’s account, at which stage the blockchain nodes will check the trade depending on the data it holds on the consumer. Following confirmation, China Mobile would subsequently allocate more cellular data to the consumer, according to the request.
Therefore, the machine would maintain a series of documents of a consumer’s transaction history in a decentralized way.
he company commented on the potential advantages of the proposed technology, saying:
“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.”
News Source- Cryptocrimson.com
[su_quote]This article is writing on 06 Jun 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- 918077121282.[/su_quote]
The Information Presented Here Does Not Constitute Investment Advice Or An Offer To Invest. The Statements, Views, And Opinions Expressed In This Article Are Solely Those Of The Author/company And Do Not Represent Those Of Coinworldstory. We Strongly Advise Our Readers To Do Your Own Research (DYOR) Before Investing In Any Cryptocurrency, Blockchain Project, Or Ico, Particularly Those That Guarantee Profits. Furthermore, Coinworldstory Does Not Guarantee Or Imply That The Cryptocurrencies Or Projects Published Are Legal In Any Specific Reader’s Location. It Is The Reader’s Responsibility To Know The Laws Regarding Cryptocurrencies And Icos In His Or Her Country. Please Respect Your Country Law & Take Advice From Your Advisor .