Blockchain Credit Bureau System for Telecom Carriers
In this blog post we share some thoughts on how we can use the decentralized blockchain technology in the telecom industry to resolve a specific problem which is risk evaluation and credit issuing to international businesses.
The telecom industry today relies on trade references which is not very useful , D&B number (limited to some countries and expensive) , insurance companies like Euler that charges 15k/year and insures only a specific % of the lost money which is also paid within 90 days if approved.
We think the blockchain can create the initial useful step for creditors and business users and here is how.
User Signup / Setup
The user (business) will access the Block Chain Credit Bureau (BCCB) to get a unique identifier id which will represent their payment history and credit worthiness for them on the BBCB Network.