United States regulator the Federal Communications Commission is considering blockchain for wireless network licensing, IT and fintech magazine ComputerWorld reported on May 6.
In a speech at last week's MIT Business of Blockchain conference, commissioner Jessica Rosenworcel said the technology could help simplify and reduce the cost involved in dealing with so-called wireless spectrum organization.
Wireless devices all require radio waves to communicate, with the growing number of such devices and Internet of Things expansion contributing to a shortage of available frequencies.
The FCC is in charge of saying which companies can use which frequencies, awarding rights via a complex auction process that is ripe for disruption, according to Rosenworcel.
"There's a lot of software involved and verifying financial and technical data. We take in bids, and manage those bids and issue licenses," she said.
The FCC has sought to upend the current status quo for several years, championing options such as frequency sharing among clients to stop available capacity lying dormant.
Under the current situation, tracking usage data also provides less-than-perfect insight into the market, something blockchain could also change.
"We have this registry from all of these licenses, but on a day-to-day basis we don't actually know with great clarity what's being used and what's not being used," Rosenworcel continued.
"So if you put this on a public blockchain you'd have this record of where demand is for what airwaves."
As Cointelegraph reported, IoT forms a central preoccupation for blockchain firms and regulators alike, which use the technology to solve a range of challenges associated with its rapid proliferation.
US Regulator FCC Eyes Blockchain in Wireless Spectrum Management Shake-Up
Publié le May 6, 2019
by Cointele | Publié le Coinage
Coinage
Nouvelles récentes
Voir tout
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.