Telefonica, the Spanish telecommunications firm, recently announced that the company is partnering with IBM’s Blockchain Platform to manage international mobile phone call traffic.

When routing international calls, complications like dispute resolution and commercial loss due to uncollected revenues lead to discrepancies in the normal functioning of the system. Through the use of Blockchain, the telecommunication firm intends to solve these issues by storing information in immutable and safe blocks, which will lead to an increase in the reliability and transparency of information.

The platform will also enable efficient tracking and traceability owing to the origin, destination and duration of each international call. This will play an important role in tackling issues in the telecommunications sector. Taking this opportunity, Telefonica’s Chief Innovation Officer, Gonzalo Martin-Villa also stated that the use of Blockchain Technology will serve as an additional layer of trust as the decentralized network will allow users to view data directly.

IBM also said that the duo will be working towards resolving issues by working on a proof of concept to provide an efficient way to manage international call traffic.