The Penetration of Blockchain and Cryptocurrencies in the Telco Industry

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2Q 2021 | IN-6135


To the Moon


Cryptocurrencies and blockchain technologies have experienced a resurgence in popularity over the recent months. Digital currencies such as Bitcoin, Ethereum, and Litecoin have garnered increasing acceptance as payment modalities from notable online payment platforms (e.g., PayPal, Venmo, Visa) and established businesses across diverse industries (such as Tesla, WeWork, and TIME magazine, just to name a few). Cryptocurrencies’ potential as a store of value and investment vehicle has not only piqued the interest of retail investors but also well-established financial institutions such as DBS, Goldman Sachs, and Morgan Stanley. Consequently, the reinvigorated interest in cryptocurrencies has thrust the spotlight on the disruptive possibilities of blockchain technology and its applications beyond the transference of value from point A to B.

The secure, decentralized nature of blockchain technology can enhance the operational efficiencies of various industries that include real estate, health care, and supply chain management. It is therefore not a surprise that forward-looking telecommunications comp…

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