AT&T, Verizon, and Others Adopting MEF LSO APIs for Business Automation telecompetitor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telecompetitor.com Daily Mail and Mail on Sunday newspapers.
QLC Chain under the auspices of MEF have successfully collaborated in their MEF Proof-of-Concept (PoC) that leverages MEF Lifecycle Service Orchestration (LSO) APIs with Distributed Ledger Technology (DLT) to create Smart Bilaterals for end-to-end ordering, billing and settlement of data services.
As part of the MEF s new Commercial and Operational framework (W114), this PoC is a key foundational step to demonstrate how we can overcome cross-partner business process integration challenges across the telco service value chain that cost the telecom industry hundreds of millions of dollars annually.
Telecom service providers invest significant amounts on systems and resources for external-facing commercial transactions with their telecom partners. When service providers partner establish a new commercial relationship/bilateral, they usually require customised interfaces to integrate their systems and processes. And this effort needs to be repeated for every bilateral entered.