Vodafone in partnership with Block Gemini Has created a commercial contract management ( CCM ) platform based on blockchain
Since 2016 when Chris Fernandez founded Dubai-based Block Gemini , it has been meeting a growing demand for blockchain implementations particularly in the supply chain and fintech space . “ The fact that we are now working with a company like Vodafone on a truly innovative blockchain project is testament to what we ’ ve been able to achieve in such a short span of time ,” he says .
Any industry that deals with transactional ecosystems that are tracked and monitored digitally can be greatly improved through the use of blockchain technology . “ The project we ’ re currently deploying for Vodafone , using blockchain and smart contracts to manage complex contractual agreements with their suppliers , is an example of the value that blockchain can create . Of course , managing procurement contracts is not specific to the telecoms industry , but there are many other areas specific to the telecoms industry that can benefit from the use of blockchain .”
Over the last two years the collaborative relationship between Block Gemini and Vodafone has grown steadily . “ From consulting and advisory services , to design and development , every aspect of the project has been managed and delivered by our dedicated in-house team - I believe this has been the strongest driver for our continuing partnership with Vodafone on this project . I see Block Gemini bringing a great deal of value to the future growth and expansion of this solution across Vodafone ’ s internal procurement systems .”
Blockchain has the power to transform the global telecoms ecosystem , Chris Fernandez concludes : “ Take the example of fixed-line leasing services - huge amounts of bandwidth are bought and sold across millions of customers worldwide . “ These transactions need to be negotiated and settled discretely between many telecoms service providers , and that ’ s a very resource-intensive process . With blockchain , the entire manual settlement could be replaced by a smart contract settled instantaneously !”
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