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Work item:
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dSTR_DLTUSF (ex TR_DLTUSF)
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Subject/title:
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The Potential of Distributed Ledger Technology to Improve Management of Universal Service Funds
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Status:
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Agreed on 2024-07-18 [Issued from previous study period]
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Approval process:
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Agreement
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Type of work item:
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Technical report
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Version:
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New
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Equivalent number:
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-
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Timing:
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-
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Liaison:
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Q7/3, Q22/16
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Supporting members:
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Cameroon, Côte d'Ivoire, the Gambia, India, Nigeria, the Telecom Regulatory Authority of India (TRAI), Sudan
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Summary:
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This Technical Report explores the use of Distributed Ledger Technology (DLT) for the management of funds in the Universal Service Financing projects to enhance transparency and efficiency. The purpose of this technical report to identify ways to reduce process inefficiency in centralized systems, facilitating the prudent and transparent use of funds and providing a clear and automatic definition of the roles and responsibilities of all stakeholders in the new distributed framework. At the same time, this report also highlights the challenges that comes with new DLT ecosystem such as standardization of DLT frameworks, interoperability and regulatory mechanisms.
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Comment:
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Note: This work item was agreed at the RGM Q1/3 (Virtual, 21 January 2021), and confirmed at SG3 meeting (Virtual, 24-28 May 2021).
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Reference(s):
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Historic references:
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Contact(s):
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| ITU-T A.5 justification(s): |
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First registration in the WP:
2021-02-05 12:00:55
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Last update:
2024-07-18 16:31:32
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