Turkcell announced its new blockchain product at the Mobile World Congress 2019 (MWC). The ID management solution is intended to provide users with control over their personal information and assure privacy as per the General Data Protection Regulation (GDPR) requirements.
While current ID management systems consider sharing of users data with third parties, Turkcell’s blockchain product reportedly stores required user data on a blockchain and eliminates additional identity verification. Turkcell further presented a blockchain-enabled donation use case that includes the ID management solution to authenticate the donation eligibility for those in need.
Mr. Serkan Öztürk, Executive Vice President, Turkcell Customer Experience and Information Technologies, stated that ‘using blockchain tech is essential to enhance the user experience of our digital services and solutions, which remains a topmost priority in the design of our services.’ Mr. Öztürk further stressed that the efforts “will help us (Turkcell) improve our digital services and up the bar in customer experience.”
Established in 1994, Turkcell is a digital operator headquartered in Turkey and operating in nine nations. In 2018, the group’s net income amounted to 2 billion lira ($377 million); meanwhile the group’s revenues were up 21 percent year-on-year.
Blockchain technology has been extensively adopted in the telecom sector around the world. Prior today, Spain’s biggest telecom company, Telefonica, collaborated with Microsoft to develop its digital innovation using blockchain technology and artificial intelligence (AI). The partnership will include customer-focused technological enhancements, building upon past work carried out by the two companies.
Plus this month, South Korea’s biggest wireless carrier, SK Telecom, collaborated with the world’s fifth largest telecoms company, Germany’s Deutsche Telekom, to create a commercialized, blockchain-based mobile identity solution that can be utilized for applications such as access control, dealings, and contracts.