Data Privacy Challenges
The telecom business is an increasingly data rich segment and so are the rapid development tools to exploit user data. MNO’s are caught between user’s desire for privacy and increasing regulatory demands for retention and access of data.
Data security Challenges
Subscribers data is a valuable resource both for the MNO’s and for a wide range of potential partners looking to provide value-added services.With millions of customers sharing their personal identity and financial details,it becomes essential to safeguard such information.
Audit governance Challenges
To ensure proper adherence to the law and compliances of applicable provisions, telecom companies need to be assessed and examined through proper audits. Inspection of financial statements determines the implementation of instructions and monitor subscriber verification by service provider.
Distributed data sharing Challenges
Blockchains that are based on Proof-of-Work protocols are highly inefficient at scale. Mining requires high computing power which contributes to high energy consumption needed to run the network
Unified consent Challenges
The current laws aim to strengthen the privacy of Personally Identifiable Information (PII) and give the user the power to manage its shareability. Hence, it is solely dependent on the subscriber to decide their willingness to give consent to share or deny access to their PII data or revoke their prior consent at any given point of time.