The loopholes in existing telecommunication platforms are becoming obvious as superior systems bring more robust technologies, delivering optimum services to the public while reducing cost for service providers.

A continuously expanding market

All through several stages of development, the telecom industry proves to be a very important aspect of the existence of humankind. Over many years, transmitting information across two or more locations has developed significantly. From interpreting visual signals like smoke patterns to making video calls in real time, the ability to communicate between humans have been highly enhanced by technology.

Existing telecommunication systems are a proof of the rate at which the world has developed within the last 3 decades. Currently there are about 7 Billion mobile communications around the globe. A figure that is almost equal to the total world population.

The evolution of mobile technology reflects some mind blowing statistics. For instance, at the end of 2017, over 270 Billion app are expected to have been downloaded on mobile, while over 25 Billion devices are expected to be interconnected by the year 2020.

Traditional messaging systems

An aspect of mobile technology that has also blossomed, especially within the corporate broadcasting sector is the Application-to-Person (A2P) SMS messaging technology.

Large corporations like Google, Facebook, Instagram, WhatsApp, Twitter Airbnb are using A2P SMS messaging for different purposes such as;

SMS notifications, SMS-based two-factor authentications, Automatic booking confirmations, One-time passwords, Loyalty programs and marketing messages among other uses.

These use cases further portrays the huge capacity of the telecom industry, especially mobile technology, the important role that it plays and the enormous size of the market.

At the moment, most SIM-based SMS traffic is carried out via GSM SIM gateways, which are a piece of hardware with many SIM slots which can send SMS messages. This equipment is typically hosted and maintained by professional SMS aggregator companies in the countries where they are geographically located. However, despite how efficient this system has been over time, there are some limitations, such as expensive and heavy equipment, requiring geographical presence in a country and the need for continuous maintenance among others.

Redefining the business model

Using blockchain technology, SMSCHAIN is set to offer the opportunity for aggregators to reduce the cost of service delivery, while also offering regular SMS subscribers the chance to make money from their hitherto unused SMS.

This is a fully decentralised system in which anyone in the world can participate and benefit from. The system adapts an android-based solution which does not require any

special equipment and which should be compatible with most modern Android smartphones.

This novel technology will provide solutions to aggregators which include, cutting special equipment costs, allowing much easier deployment globally (only installation of the SMSCHAIN app is required), eliminating the need to open an office in every country and cut high maintenance costs for SMS aggregators. Also, the app users are provided with an opportunity to receive significant financial rewards which are currently retained by SMS aggregators.

The growth within the telecom industry has been boosted significantly with the rapid evolution of mobile technology. As the blockchain paves its way into this sector, it will be in order to say about the future of the industry that we are only just beginning.