How RecordsKeeper Blockchain Can Prove to be a Boon for the Telecom Industry?

Telecom has a complex operational framework that involves many partners, vendors, customers, distributors, network providers; there are many challenges related to tracking activities of all entities, data tampering, and other fraudulent activities.

As far as the telecom industry is concerned, Blockchain Technology can ease out many challenges faced by the telecom industry today, such as:

  • Challenge- Telecom industry requires third-party authentication which proves to be costly, time taking and tedious.

Solution- The RecordsKeeper blockchain could provide immediate authentication of people and devices, which put blockchain-wielding telecom providers in the place of authentication, and providers for all kinds of third-party services. On RecordsKeeper Public Blockchain verifiable & immutable records of any type of data can be created. Today’s smartphone apps that unlock hotel doors, pay your bus fare and authenticate you toward your bank is just the beginning.

  • Challenge- Network Complexities related to Roaming.

Solution- Phones roaming on different networks can be seen as “micro contracts”. The Blockchain, already touted as a contract-verification mechanism, can play an essential role when smart agents and IoT devices automatically negotiate with network providers in real-time, saving enormous costs and processing powers for the network providers.

  • Challenge- Centralised System resulting in One Point Failure.

Solution- Smart contracts over the RecordsKeeper Blockchain can replace sim cards. In such a scenario, a single telecom provider no longer owns the whole value chain. Customers can shift the networks instantly by agreeing to the terms and conditions of the Smart Contracts. Apple and Google are already working on such type of solution to disrupt the market. Moreover, network providers can go with AI to analyze the usage of customers more effectively and create the smart contracts accordingly.

Some other use cases for telecom are 5G enablement and identity management. In 2017, the telecom market was roughly labelled as a 155 billion dollar market worldwide with 10% annual growth and 7% cost of fraud in the total market, which can be reduced by using Blockchain.

The disruption for telecom market is at the horizon. Blockchain and AI will act as the catalyst for the disruption. The Blockchain telecom Market in the USA alone is expected to grow by almost 1 billion dollars by the year 2023. Moreover, Indian telecom giants like JIO and Airtel are working over to streamline their internal processes using Blockchain. Furthermore, Vodafone is also doing a POC with IBM to set a system for customer retention.

For telecom trust is essential and maintaining the authenticity of data is the key. For Intermediaries such as that act of interconnection requires databases, back-office systems, provision of third-party services. All of that can be improved with blockchain solution like RecordsKeeper.

RecordsKeeper can address the challenge of storing historical data that becomes vast and unsustainable as the blockchain ecosystem is currently exploring several approaches for archiving data. As no clear regulations or specifications are formulated until now regarding the implementation of smart contracts, compliance of standards regarding both security and privacy for the sharing of information is a challenge.

The future of blockchain in telecom seems promising, and it is expected to become the norm for the services like identity management, and registries.

How RecordsKeeper Blockchain Can Help in Preventing CBSE Exam Leak

Recently we came across a major story about the CBSE paper leak from various sources. Those who had access to the exam papers charged Rs. 35,000 per paper and even some parents took part in it by reselling the papers to others to cover their cost. Thus the leaked papers were available upto Rs. 5,000.

This caused a huge uproar among the students which led to a re-examination. The current investigation is currently focusing on the role of CBSE officials, invigilators and school staff, coaching centres and printers. The leaked Economics paper was being circulated on social media for several hours before the test started on Monday. The Delhi government also reported that it received complaints from the CBSE about the Class 12 Accountancy paper being leaked too.

The past months saw many downs for the education system in India and challenged the way we share information in our country. This whole fiasco could had been resolved if the education system was driven by the power of Cryptography and Blockchain. We at RecordsKeeper thrives on latest technology and the power of Blockchain. This specific use case is the prime example of where RecordsKeeper comes into play and provide the utmost security in the shared information world.

RecordsKeeper: What is it?

RecordsKeeper is an open source platform for open record keeping & data security. Using RecordsKeeper’s public Blockchain anyone can publish a key-value pair of records which are immutable & verifiable.

Let’s discuss some of the major problems and how RecordsKeeper can solve them with respect to the CBSE paper leak.

  • Multiple mediums present for the exam paper

Currently the CBSE paper is presented in multiple mediums which gives a person with authority to take it out and sell over the black market without being noticed. Using RecordsKeeper as the storing medium for the exam papers, it limits the exam paper presence on multiple mediums. Once the exam paper is over RecordsKeeper Blockchain then there is only one single medium of shared ledger available.

  • Hacking of central storage

If the CBSE exam is shared over some relational Database or central storage then there is always a possibility of a malicious attacker trying to access the information or Denial-of-Service (aka DoS) attack but with the use of RecordsKeeper Blockchain we can provide immutability and security for the same. Once the exam paper is over the RecordsKeeper Blockchain, it cannot be modified, deleted or tampered. Moreover the security is provided with the Cryptographic algorithms being used with RecordsKeeper where you can encrypt the exam paper and store it over the RecordsKeeper Public Blockchain. As the RecordsKeeper network is made up of multiple peer-to-peer nodes, there is no central storage available for conducting Denial-of-Service attack as all the the nodes are synchronized with each other.

  • Authorities leaked the exam paper

The major concern point of the CBSE exam paper leak was that the authorities who had access to the exam papers were the focal point for the leak of the exam paper. RecordsKeeper provides a solution to this in a very neat and effective technological way. In RecordsKeeper, everyone who has access to the Blockchain has their own private-public key pairs. Everyone – be it schools/students/authorities/agencies can create a private-public key pairs. The CBSE board can have multiple private-public key pairs for different exam papers. Now the private key is to be securely kept with the person but they can share their public key to the rest of the world. In our scenario, the following path can be taken to solve the problem.

  • CBSE board generates a key pair for each exam.
  • The people/agencies who need the access to the paper can share their public keys through secure internal channels with the CBSE or the CBSE board themselves can generate key pairs for all the schools who require the access to exam papers and share it with them. This process can be online & automated.
  • The exam paper (in JSON/XML Format) is encrypted using the exam private key by the CBSE board. (First Encryption)
  • After that, once the head of CBSE has all the public keys of different schools then they can encrypt the exam paper again (second encryption) by the school’s public key to make sure that only the school registered with the CBSE only has access to the exam paper through their respective private keys. Here the public-key of the respective school needs to be the part of the exam itself to trace back school easily in-case of any leak.
  • The encrypted exam paper is published over the RecordsKeeper blockchain along with . This will create multiple transactions entry over the RecordsKeeper for individual school. There may be 30,000-40,000 CBSE Schools all over the country.
  • The uploaded exam paper’s record identification key is shared with all the respective schools once it is uploaded over the RecordsKeeper Blockchain. This will ensure that they all have the encrypted exam paper ontime. Ideally can be done 24-48 hours before the exam. Now the magic of RecordsKeeper comes into play – the school have the access to the exam paper through their respective individual recorded transaction and they can decrypt the exam paper using their own private key. Please note they will still not able to access the exam as it is also encrypted by CBSE’s private key & they need the public key of the CBSE to decrypt it.
  • This way of uploading data over the RecordsKeeper Blockchain provides a way for the CBSE board to monitor the access of the exam papers and it also makes sure that the exam is not reached to an unwanted party.
  • CBSE announces the exam public key just before the exam. May be 30 minutes or so.
  • The authorities now can decrypt the exam using the exam public key. Convert it into printable format using simple tools like JSON/XML to PDF converter.
  • Finally the exam paper is distributed to the students.

Please note each paper will have the public-key or record-key of the school printed in small letters (in background, like water mark) of the question paper all over the question paper. Not at just one corner or page of the exam paper. This will easily allow the regulators or investigators to trace the school in case of any leak. Since only the principal will have the access of the private key pinpointing the human will be much easier.

Using RecordsKeeper Blockchain to distribute exam makes sure that every activity is being tracked and if somebody tries to maliciously access the paper then it will be recorded over the RecordsKeeper Blockchain and the culprit can apprehended as soon as he/she tries to access the exam paper.

We can take a step further in security by creating the key pairs for students and with that the students will have direct access to the exam without any 3rd party mediums and dependencies.

Please check RecordsKeeper’s technical documentation here or reach out to us here for any PoC on RecordsKeeper.

Check the RecordsKeeper Tools & Resources at below links:

RecordsKeeper is here to make sure we change the way we share information and with its use we can uplift the security, immutability and transparency in our education industry.

What is Supply Chain & How Can RecordsKeeper Can Help?

Supply Chain is a phrase that you might have heard a lot. It can be defined as supervision of raw materials, data, and revenue as they follow the process from supplier to customer/consumer. In simple words, Supply Chain can be referred to as a collection of suppliers that requires bringing a specific product to the market. A chain is made up of nodes which includes a manufacturer building that product to consumer purchasing the product.Supply Chain Management involves integrating and coordinating these flows both within and among companies.

A Supply Chain Management is an essential part of how a business runs, but still, this whole process of the supply chain has too many mediators, and most of the system relies on paper. Apart from this, tracing the products and tracking them is also an exhausting task. This particular idea is vital as nodes are set up in a manner where every node is dependent on each other, which might create a problem if skipped. But that’s not the only concern there are few other problems that how would you verify the authenticity of that product. Who would prove that the product you are consuming is the product that is created by a supplier and not been duplicated by any third-party? The problems in a supply chain is a hard nut to crack but can be solved with the help of RecordsKeeper Blockchain.

Solutions for Supply Chain using RecordsKeeper Blockchain

Recording the quantity and transfer of assets.

There are too many go-betweens in the complete process of Supply Chain. Everybody in the chain ranging from suppliers, manufacturers, clients, etc. have to deal with a third-party rather than dealing with each other in the chain. Thus, a simple process of demand and supply gets divided into some steps and too many mediators.

RecordsKeeper Blockchain provides the solution to all these problems. From here onwards we would be analyzing the use of RecordsKeeper Blockchain in supply chain management. But, before heading further, let’s understand what Records Keeper is and what are the different features that make it significantly applicable to supply chain management. RecordsKeeper is Blockchain-based, structured document storage for record keeping of businesses & individuals. It is a Consensus-based distributed database (registry of documents) for Businesses as well as Individuals with high availability & security. It is built on Blockchain, the technology which powers Bitcoins & other cryptocurrencies. Businesses or Individuals struggle a lot in digitizing & managing their own or customers records by investing a lot of money, time & resources. Similar problems are arising in the Supply Chain Industry, and Records Keeper is a perfect solution for it. Records Keeper can record the number of assets that have been added to the chain or transferred from the chain. Maintaining a data for proper flow of assets in a pipeline is essential, If the information is safe and secure then there can be no loss in the industry of supply chain, the customer can quickly check the authenticity, and RecordsKeeper can quickly verify that the product is authentic.

Tracking purchase orders, change orders, receipts, shipment notifications, or other trade-related documents.

Tracking would be a child’s play once the data is pushed inside the Records Keeper Blockchain, it can be viewed by any individual using the address that will contain the data. Anyone can track the amount of raw material that has been purchased using the purchase order, the product that has been changed, receipts and can also follow where the shipment has been reached. RecordsKeeper is a solution which will minimize the loss or the error that might be created because of data loss.

LET’S TAKE AN EXAMPLE :

A worker mines gold from gold mines. Then the gold is collected, cleaned and then after the procedure is completed the shipment information is added to RecordsKeeper. The container awaits to transfer from the port, on the other hand, officials submit the information related to the shipment electronically. The RecordsKeeper Blockchain confirms the transactions and executes the shipment thus, releasing it. After this, the container is uploaded to the ship, and it takes off. Since the transactions or the information about the shipment is uploaded in the Blockchain and it is a distributed ledger which is visible to all the people in the network; everyone, right from the supplier to the contractor to the receiver can see when and how the shipment is moving. Thus, everything happens quickly and in a much more transparent way.

The same strategy is applied by the Emergent Technology Holdings to keep track of gold in the world.

Conclusion

We can say that it will transform the Supply Chain Industry. It’s not only about the logistics or Supply Chain companies, but Blockchain is also finding applications in almost all the business verticals. The idea behind using this technology is to streamline the process. In-depth transformation of supply chains will not happen overnight. It won’t be wrong to claim that Blockchain has opened the door for a smarter, faster and a more secure supply chain system