Guidelines on PE-TM Chain Binding on DLT

 

Guidelines on PE-TM Chain Binding on DLT

Overview of PE-TM Chain Binding on DLT

The PE-TM Chain Binding process is a critical requirement for SMS communications in India, as mandated by the Telecom Regulatory Authority of India (TRAI). This process ensures that all SMS messages sent via telemarketers are traceable and comply with regulatory standards. The binding involves a Principal Entity (PE), a Telemarketer (TM), and the Telecom Service Provider (TSP).

Key Components of the PE-TM Chain

1.     Principal Entity (PE): The organization or individual sending the SMS.

2.     Telemarketer (TM): The entity responsible for delivering the SMS.

3.     Telecom Service Provider (TSP): The network operator facilitating the SMS delivery.

 

Importance of PE-TM Binding

Traceability: All SMS communications must be traceable back to the Principal Entity.

 

Regulatory Compliance: Failure to comply with binding requirements can result in message rejections starting from December 1, 2024.

 

Operational Continuity: Ensuring timely registration on DLT platforms before deadlines (e.g., November 30, 2024) is crucial to avoid disruptions in message delivery.

 

Steps to Complete PE-TM Binding

To successfully bind a Principal Entity to a Telemarketer on the DLT platform, follow these steps:

1.     Log in to the DLT Portal: Access your specific DLT portal using your credentials.

 

2.     Navigate to PE-TM Chain Section: Look for the “PE-TM Chain” or “Manage Telemarketer” tab.

 

3.     Create New Chain: Click on “New Chain” or “Add Request”.

4.     Enter Telemarketer ID: Input the Telemarketer ID provided by your service provider (e.g., MicroNet Infocom & Logistics Pvt Ltd ID is 1102461800000042573) and submit.

 

5.     Pending Status: After submission, the status will show as “Pending”. Take a screenshot for records.

 

6.     Documentation Submission: Submit the pending status screenshot along with required documents (company registration and proof of address) to your telemarketer.

 

7.     Final Approval: Once approved by your telemarketer, log back into the DLT portal to approve the final chain.

 

Important Considerations

·         Ensure that all components of your registration chain are prepared well in advance.

·         If multiple telemarketers are involved, ensure that no more than three telemarketers are included in the chain to maintain compliance.

·         Keep abreast of updates from TRAI regarding any changes in guidelines or deadlines.

 

Conclusion

The PE-TM Chain Binding process is essential for maintaining compliance with TRAI regulations regarding SMS communications in India. By following the outlined steps and ensuring timely registration, Principal Entities can avoid potential disruptions and ensure their messaging operations remain uninterrupted.

 

FAQs on PE-TM Chain Binding on DLT

What is PE-TM Chain Binding?

PE-TM Chain Binding refers to the process of linking a physical entity (PE) to a digital token (TM) on a Distributed Ledger Technology (DLT) platform. This binding establishes a verifiable and immutable digital record of the physical entity's existence, ownership, and provenance.

Why is PE-TM Chain Binding Important?

Enhanced Security: By anchoring physical assets to digital tokens on a DLT, it becomes significantly more difficult to counterfeit, steal, or dispute ownership.

Increased Transparency: The DLT provides a transparent and auditable record of the asset's history, reducing the risk of fraudulent activities.

Improved Efficiency: Smart contracts can automate various processes, such as asset transfers and supply chain management, streamlining operations.

Facilitated Traceability: The DLT enables real-time tracking of assets, improving supply chain visibility and reducing the risk of contamination or product recalls.

How Does PE-TM Chain Binding Work?

Physical Asset Identification: The physical asset is uniquely identified using a combination of methods, such as RFID tags, barcodes, or biometric data.

Digital Token Creation: A corresponding digital token is minted on a DLT platform, representing the ownership and other relevant details of the physical asset.

Chain Binding: The unique identifier of the physical asset is securely hashed and embedded within the digital token, creating an unbreakable link between the two.

Smart Contract Integration: Smart contracts can be programmed to automate various processes, such as asset transfers, payments, and compliance checks, triggered by specific events on the DLT.

What are the Challenges in PE-TM Chain Binding?

Interoperability: Ensuring seamless communication and data exchange between different DLT platforms and legacy systems.

Scalability: Handling a large number of transactions and assets on the DLT without compromising performance and security.

Security: Protecting the integrity and confidentiality of data stored on the DLT, including sensitive information about physical assets.

Regulatory Compliance: Adhering to relevant regulations and standards, especially for industries with strict compliance requirements.

What are the Future Implications of PE-TM Chain Binding?

Supply Chain Revolution: Transform supply chains into transparent, efficient, and secure networks.

Real Estate Industry: Digitize property ownership records and facilitate fractional ownership.

Art and Collectibles: Authenticate and track the provenance of valuable art pieces and collectibles.

Intellectual Property: Protect intellectual property rights by creating immutable records of ownership and usage.

By addressing these challenges and leveraging the potential benefits, PE-TM Chain Binding can revolutionize various industries and drive innovation.