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Blockchain News

BSNL Adds 7477 Businesses to its Blockchain Platform

In the face of new bulk SMS laws, Indians are opting for a government-run blockchain network.

Written By:
Rikta Mandal

Last updated: May 14, 2024 3:02 PM
Published September 21, 2021 3:15 AM
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Last updated: May 14, 2024 3:02 PM
Published September 21, 2021 3:15 AM
BSNL Adds 7477 Businesses to its Blockchain Platform

In Brief:

  • On Thursday, TRAI updated its rules on annoying calls and spam.
  • BSNL has signed up 7,477 businesses on its blockchain-based engagement platform.

To protect users from spam and scams, India’s state-owned telecom Bharat Sanchar Nigam Limited (BSNL) has registered 7,477 enterprises on its blockchain based engagement platform. 

Telecom Regulatory Authority of India (TRAI) revised the laws on annoying calls and spam on Thursday, setting out new guidelines requiring subscribers’ agreement to receive telemarketing messages. 

Even after being given an extra 23 days, the telecom regulator has ruled out any further relief for companies that have broken new regulations on sending promotional text messages. 

Banks, universities, and personal companies are among the 7,477 registrations, as the SMS policy applies to all market verticals. TRAI has apparently issued a warning about non-compliant corporations limiting interactions, according to officials: “The Telecom Regulatory Authority of India will accept no reason, give no consideration and no extension to all those who have not streamlined their SMS process. Let their businesses suffer 100%.”

The Indian Institute of Technology Madras (IITM), has signed up alongside 38 global firms. This would help them to manage the Hedera public ledger as a member of the Hedera Governing Council, demonstrating India’s commitment to blockchain adoption. 

Also Read: India Implements Ethereum Blockchain to Verify Diploma Certificates

According to IITM’s Center for Nondestructive Evaluations’s Professor Prabhu Rajagopal, the organisation will examine use cases for public blockchains in the areas of payments, health care, markets, and digital media.

About TRAI: 

The Government of India established the Telecom Regulatory Authority of India (TRAI) under section 3 of the Telecom Regulatory Authority of India Act, 1997. In India, it regulates the telecommunications industry.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Rikta Mandal - Crypto Content Writer at The Crypto Times
By Rikta Mandal
Rikta Mandal is a content writer and started her career in pharma and worked as a medical writer for a while. Currently, she is exploring the crypto world and is looking forward to learn more in future. Apart from her professional career goals, she loves to sing and paint in her spare time.

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