Image Credit: AkiPress
Turkcell, an Istanbul-telecommunications service provider has recently introduced a blockchain-based service for ID management. The news came through leading news outlet Sabah on February 26. Recently, Turkcell also revealed a blockchain-based donation use case. This particular use case incorporates the blockchain-based ID management solution for verifying donation eligibility for those who actually require it.
The blockchain-based ID management solution will allow users full control over their personal information. In addition, to ensuring privacy in lines with General Data Protection Regulation (GDPR) requirements.
Interestingly, prevailing ID management systems share user data with third parties, it is not the case with Turkcell’s blockchain product. It rather stores the needed data and eliminates additional identity verification.
Turkcell Customer Experience and Information Technologies Executive Vice President Serkan Öztürk reportedly said that -
Blockchain adoption has been on an all- time high in the telecom sectors round the globe. Recently, Telefonica, Spain’s largest multinational telecommunications company partnered with Microsoft. The synergy will expand the digital scope of both organizations by tapping AI and distributed ledger technology. The collaboration is also said to include customer-focused technological improvements.
Also, earlier this month SK Telecom (SKT), South Korea's largest wireless carrier partnered with Germany’s Deutsche Telekom, world’s fifth largest telecom firm to build a full-fledged blockchain-powered mobile identity solution. This solution will purportedly be used for accessing dealings and contracts. A Memorandum of Understanding between the two firms was formalized during the Mobile World Congress (MWC) 2019C on Feb. 25 in Barcelona, Spain.
The collaboration will see SKT and Deutsche Telekom’s R&D unit, T-Labs, develop a commercialized, blockchain-powered mobile identity solution that can be used for applications such as access control, dealings and contracts.
Turkcell was founded in 1994 and is headquartered in Turkey, It’s operations are spread over nine countries. In 2018, the group’s net income amounted to 2 billion lira approximately $377 million marking a gain of 21% in the group’s revenues. Also, Turkcell is the first Turkish company to be listed on the New York Stock Exchange. Its shares have been traded since July 11, 2000 along with trading on the Istanbul Stock Exchange.