Blockchain Can Improve 5G

Uploaded on 2020-05-29 in TECHNOLOGY-Key Areas-5G Networks, FREE TO VIEW, BUSINESS-Services-IT & Telecoms, TECHNOLOGY-Key Areas-Blockchain, TECHNOLOGY--Developments

The biggest issue in the mobile industry right now is the introduction of fith generation of wireless network technology, generally referred to as 5G. The introduction of new 5G networks has become an urgent issue both network operators and carriers and handset manufacturers.

In particular, the combination of 5G and blockchain technology has the potential to unleash a surge of economic value. In order to understand this connection between 5G and blockchain, one must think of the relationship as multifold. 

The power of 5G coverage through its reduced latency, high speeds and capacity allows for IoT devices to become widely used. Simultaneously, these devices can leverage the security, decentralisation, immutability and consensus arbitration of blockchains as foundational layers.

Many telecoms industry experts think  that blockchain technology has significant use cases that could improve the 5G mobile network. 

According to estimates by China Telecom in 2019, China’s 5G services are expected to have approximately 170 million subscribers by the end of 2020. China Telecom expects blockchain to play a crucial role in trusted management, secure interaction, and efficient collaboration among multiple participants of the network and devices. The application of Blockchain in 5G will introduce 'social capital' in the 5G landscape, helping the industry crowdsource the 5G infrastructure.

The key issues of scalability and interoperability are two challenges that hinder the integration of these two technologies. ​The benefits of 5G are its high speeds, capacity, low latency and ability to connect with vast numbers of devices. Latency refers to the time between when a signal is sent and received. In Blockchain terms, latency is the time between a transaction being broadcast and it being received by nodes. 

While 5G will directly assist blockchains by increasing node participation and decentralisation, as well as allowing for shorter block times, driving forward on-chain scalability, all of which, in turn, further supporting growth of the IoT economy.

Asia Times:       Coin Telegraph:      Coin Tetelgraph:

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