Can Blockchain Transform 5G? What are the Opportunities and Challenges?

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Can Blockchain Transform 5G? What are the Opportunities and Challenges?

Introduction

The fifth-generation 5G technology is the near significant phase in the telecommunications industry that is going to be introduced soon. Blockchain and 5G are the most debated technologies when it comes to futuristic and fully-fledged technologies. Today, most of the businesses and organizations are already leveraging blockchain technology, while few are yet to make a move.

Before understanding whether blockchain can transform 5G or not, let's have a quick glance at the peculiar features of blockchain. These include no third party involvement, fraud detection, and prevention, transparency yet security, operates trustless, and offers decentralized storage and enhances processing performance.

Let's figure out how blockchain can impact the telecommunication industry along with the challenges that it will face.

Blockchain's potential in transforming 5G networks

Before we talk about blockchain and 5G altogether, it is essential to learn the relationship between both the technologies.

As we all know, blockchain is known for its immutability characteristic and follows decentralized transaction ledgers; it can offer global communication without breaching security. Further, the technology follows a decentralized approach, which eliminates the need for trusted external authorities in 5G networking. Moreover, it can efficiently enhance service delivery by eliminating bottleneck problems. Let's explore all other ways.

Blockchain's Immutability Feature

Blockchain enables immutability for 5G network services, meaning there is no alteration or modification of data.

2. Security

Blockchain can transform 5G networks' privacy by providing distributed trust models, thus preventing security breaching in the networks.

Moreover, the technology can enable the devices to be registered with their blockchain address; thus, eliminating the issue of identity loss as well.

3. Allowing Transparency & Localized Availability

Blockchain's transparency into 5G allows service providers with complete access where an authorized user can track and verify the transactions.

4. Cost-Saving Methodology

Blockchain is a distributed, decentralized, peer-to-peer network, and therefore it removes the third party agreement. This leads to lower costs, along with building better coordination, trust levels, and also saves time and conflicts.

What about challenges?

Despite the opportunities, the fusion of both technologies can face various challenges as well.

For meeting the comprehensive 5G expectations, there are several structural and technical aspects that need to be explored along with clear regulatory frameworks. Although blockchain is scalable, it needs to improve more to deal with the massive number of devices, as every device must have unique addresses.

Conclusion

The combination of blockchain with 5G can give a new meaning to the developing society.

It's not only the blockchain, other emerging technologies such as cloud computing, NFV(Network Function Virtualization), D2D communications, are also revolutionizing 5G networks. But yes, through its distributed ledger, blockchain opens the opportunity for storing and managing data on 5G networks. The technology acts as a key in enabling ensuring security and network performance and can uplift the overall futuristic mobile services.

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