Top Usecases Of Blockchain For 5G

One of the most important drivers in ushering in the fourth industrial revolution– Industry 4.0– is 5G technology. Enhanced mobile broadband, massive machine type networking, and ultra-reliable low latency communication are the three major use cases for 5G technologies. This means that providers would have to deal with problems like network coverage and durability, data integrity, and stability, as well as the need for decentralized architectures (for compute, storage, and security). Furthermore, data protection and autonomy are becoming more important to the troika of users, regulators, and governments.

Hardware (chip and sensor technology) and applications (AI/ML and AR/VR) advancements are paving the way for the Industry 4.0 revolution. However, blockchain is one of the core innovations that merit further R&D in the telecommunications and networking space. We can’t ignore the fact that using blockchain technology presents several problems, including efficiency and scalability issues, as well as safety and security concerns.

5G Network Coverage and Reliability

Integrity and security of data

Smart contracts can allow business-oriented applications such as billing, by providing an immutable record of a user’s communications with the network (s). It can also manage automatic network resource-sharing settlements between various telco networks.

Decentralized architectures

For 5G edge computing use cases involving vehicular networks, public blockchain models may be used to allow the exchange of vehicular and traffic details. This will be seen as a fast and permanent record for settling car insurance cases.

The requirement for a large network of IoT devices to connect with millisecond latency in settings such as smart cities and UAV fleets can be met through blockchain-enabled control and authentication of such devices.

Wrapping up