Clear is a blockchain-based settlement company transforming transactions for telcos. Last month, three of the world’s largest telecommunications companies, Deutsche Telekom, Telefónica, and Vodafone successfully finalized a trial automated settlement of roaming discount agreements using a solution developed by Clear.
Eran Haggiag, Co-Founder and Executive Chairman of Clear blockchain technologies joins on today’s episode. Eran understands the reconciliation of mobile roaming payments is a time-consuming, costly, manual process that results in major delays in revenue recognition, discrepancies between partners on invoices, and high costs in disputes that follow.
The WEF estimates commercial disputes cost up to $870bn per year. I learn how Clear is changing the way telecoms operators interact with each other, moving from a manual paper-based process to algorithmic blockchain-based smart solutions, allowing them to interact seamlessly with fewer disputes and more time to focus on results.
We discuss how the telecoms industry is benefiting from Clear’s solution, how the solution works, and what the tangible outcomes have been following recent projects with leading industry operators Deutsche Telekom, Telefónica, and Vodafone;
We also talk about why the telecoms industry is the perfect example of how automated payment and contract solutions can transform how companies interact with each other, making it faster and more transparent while allowing players to focus resources on what matters most.
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