Smart Bilaterals News Today : Breaking News, Live Updates & Top Stories | Vimarsana

QLC Chain under the auspices of MEF have successfully collaborated in their MEF Proof-of-Concept (PoC) that leverages MEF Lifecycle Service Orchestration (LSO) APIs with Distributed Ledger Technology (DLT) to create Smart Bilaterals for end-to-end ordering, billing and settlement of data services.
As part of the MEF s new Commercial and Operational framework (W114), this PoC is a key foundational step to demonstrate how we can overcome cross-partner business process integration challenges across the telco service value chain that cost the telecom industry hundreds of millions of dollars annually.
Telecom service providers invest significant amounts on systems and resources for external-facing commercial transactions with their telecom partners. When service providers partner establish a new commercial relationship/bilateral, they usually require customised interfaces to integrate their systems and processes. And this effort needs to be repeated for every bilateral entered. ....

United States , Hong Kong , Susan Zhou , Jacqueline Teo , Victor Ma , Global Communications , Dcconnect Global , Service Automated Commerce Implementation , Lifecycle Service Orchestration Lso Apis , Cloud Service Providers , Global Communications Limited , Ledger Technology , Telecom Asia , Service Orchestration , Distributed Ledger Technology , Smart Bilaterals , Smart Contract , Trusted Billing , Smart Bilateral , Daniel Bar Lev , General Manager , Chief Operating Officer , Communications Limited , Squared Capital , North America , Global Limited ,