The vision of DIADEM is to rapidly create a world-class company / market place for mobile telecom contract and billing smart contract automation.
The opportunity
The Mobile Telecoms industry has expanded rapidly, generating $1.05 trillion in revenue in 2016.
The competitive nature of the industry makes the rapid growth model a necessity, but this creates problems in increased scaling difficulty.
Business support systems need to be maintained and developed to accommodate for more users, which often results in downtime during a crucial stage of subscriber attraction.
As the market reaches saturation point, customer retention is key, leading many MNOs to compete to provide the most flexible and appealing services.
However, traditional consumer contract architecture is slow and cumbersome, leading to delays in delivering updated services and contracts.
The solution
DIADEM apply blockchain technology
to overcome many problems around the cost, flexibility, and scalability of business support systems
to provide extensive opportunities to enhance product offerings and customer experience
Blockchain networks are distributed across a broad series of computer nodes
Can keep the system running even as it is being maintained, leading to reduced or eliminated downtime
Self-executing, autonomous computer programs called smart contracts
Provide a previously unheard level of contract speed and flexibility, allowing for MNOs to keep pace with market demand while the automation greatly reduces overhead costs
Users will be able to view their own contracts on the blockchain
Users pay bills instantly in an easy-to-use app which eliminates paper waste and saves time and money
Call to Action
The startup is on the verge to tokenise its governance structure with the view of incentivising developers as well as fostering seed investment.
