Electrical Equipment / Components & Telecoms

Recently, China Mobile and China Unicom have made a major breakthrough in the construction of cross-operator blockchain public infrastructure. The "settlement chain" jointly built by the two parties was officially put into commercial use. The inter-network business of operators in Ningxia, Henan, and Hebei provinces is settled and billed. The results of the first operation of the settlement chain show that business time is reduced by an average of 60%, and it is estimated that the annual saving of labor and operating costs can reach more than 10 million yuan.

According to reports, the settlement chain is a cross-BaaS platform enterprise-level alliance chain created by China Mobile Information Technology Center and China Mobile Research Institute in conjunction with China Unicom Software Research Institute based on their original "China Mobile Chain" and "Unicom Chain". The enterprise provides a real-time data channel for inter-cloud communication, which is a transparent, trustworthy and efficient settlement network.

The settlement chain is based on smart contracts, which encrypts settlement data, settlement public participation and settlement rules on the chain, and provides settlement information security sharing, billing data encryption exchange, automatic reconciliation, data confirmation and settlement and other services for settlement parties. Real-time traces can be traced back, which ensures the transparency of the settlement process and improves the security and credibility of settlement.

The settlement chain breaks the data flow barriers between operators, eliminates the risks of data leakage, tampering and disputes, and provides a new model for establishing equal, compliant, controllable and credible business cooperation in the communication industry.

IT House understands that in the next step, the 31 provincial companies of China Mobile and China Unicom will fully realize business access. At the same time, major operators such as China Telecom and China Radio and Television will be invited to jointly build new blockchain infrastructure and create a harmonious coexistence. , Integrate an open digital economy ecosystem. (Wang Miao)