AVN 65.20 Increased By ▲ 0.25 (0.38%)
BAFL 30.74 Decreased By ▼ -0.77 (-2.44%)
BOP 4.80 Increased By ▲ 0.01 (0.21%)
CNERGY 3.71 Decreased By ▼ -0.13 (-3.39%)
DFML 14.21 Decreased By ▼ -0.20 (-1.39%)
DGKC 41.05 Decreased By ▼ -0.55 (-1.32%)
EPCL 46.45 Decreased By ▼ -0.25 (-0.54%)
FCCL 11.40 Increased By ▲ 0.11 (0.97%)
FFL 5.05 No Change ▼ 0.00 (0%)
FLYNG 5.80 Decreased By ▼ -0.02 (-0.34%)
GGL 10.33 Decreased By ▼ -0.12 (-1.15%)
HUBC 66.87 Increased By ▲ 1.23 (1.87%)
HUMNL 5.71 Increased By ▲ 0.05 (0.88%)
KAPCO 27.76 Increased By ▲ 0.01 (0.04%)
KEL 2.20 Increased By ▲ 0.05 (2.33%)
LOTCHEM 24.90 Increased By ▲ 0.55 (2.26%)
MLCF 21.44 Decreased By ▼ -0.04 (-0.19%)
NETSOL 83.60 Decreased By ▼ -1.19 (-1.4%)
OGDC 85.90 Decreased By ▼ -1.35 (-1.55%)
PAEL 11.01 Increased By ▲ 0.03 (0.27%)
PIBTL 4.22 No Change ▼ 0.00 (0%)
PPL 74.48 Decreased By ▼ -1.22 (-1.61%)
PRL 13.43 Decreased By ▼ -0.22 (-1.61%)
SILK 0.92 Increased By ▲ 0.03 (3.37%)
SNGP 40.40 Decreased By ▼ -0.93 (-2.25%)
TELE 5.86 Increased By ▲ 0.01 (0.17%)
TPLP 15.40 Decreased By ▼ -0.24 (-1.53%)
TRG 111.41 Decreased By ▼ -0.29 (-0.26%)
UNITY 13.75 Decreased By ▼ -0.23 (-1.65%)
WTL 1.14 Decreased By ▼ -0.02 (-1.72%)
BR100 4,037 Decreased By -26.9 (-0.66%)
BR30 14,412 Decreased By -56.6 (-0.39%)
KSE100 40,471 Decreased By -262.4 (-0.64%)
KSE30 15,163 Decreased By -67.2 (-0.44%)
Business & Finance

Blockchain becomes focus as WorldCall Telecom, WMG enter into close commercial cooperation

  • Blockchain-secured service management solution to open up avenues of network monetisation, says WTL in statement to PSX
Published July 12, 2021
Follow us

Blockchain technology became the focus of attention as WorldCall Telecom Limited (WTL) entered into a close commercial cooperation with the World Mobile Group (WMG) for the deployment of a service management solution earlier this month.

The blockchain-secured solution deployment, announced by the company through a notice to the Pakistan Stock Exchange (PSX), is for the provisioning of affordable broadband connectivity across the country in addition to WTL's existing roll-out projects.

The company announced that all its subscribers would be integrated into the digital landscape through an identification number, and the attached e-Wallet would be secured through authentication protocols.

The development comes at a time when Pakistan is moving faster in adopting digital technologies amid the Covid-19 pandemic that has pushed consumers deeper into the online space. The announcement also coincides with the wider consumer move for on-demand services, and the popularity of blockchain technology that promises to be a game-changer, according to experts.

“Subscribers would join the digital economy eco-system and, using this unique Digital ID, all forms of on-demand services targeting education, health and other service sectors can be launched,” stated WTL in the statement.

“WTL is currently undertaking an aggressive roll-out with ‘Fiber To The Home’ (FTTH) and ‘Broadband for All’ projects.”

The statement added that the WMG solution opens up avenues of network monetisation with telecom operators remaining an integral part of the value chain.

“With its fiber optic infrastructure and network connectivity already in place, subscriber signup and connectivity would be significantly higher in its current FTTH and Broadband for All projects.

“Through use of this technology, WTL would target a revenue upside from its broadband connectivity and augment its revenue streams with minimal costs.”

WTL made a profit of Rs83 million in the six-month period that ended June 2020, according to its latest financial results made available on the PSX website. 

Comments

Comments are closed.

Blockchain becomes focus as WorldCall Telecom, WMG enter into close commercial cooperation

Govt says ‘will have to’ agree to IMF conditions

Imran steps up criticism of PDM govt

COAS vows to root out menace of terrorism

PTI chief won’t attend APC: Umar

Industry yet to export any amount of sugar

Russian oil supply likely by April

‘IMF is giving Pakistan tough time’

31 NA seats: ECP announces schedule for by-polls on March 19

RDA: pace of growth slightly lower

‘Rules’ allow banks to seek asset details of civil servants