Blockchain platform TBCASoft, technology behemoth IBM and telecommunications conglomerate SoftBank announced on Oct. 22 a collaboration to adopt a cross-carrier telecommunications blockchain payment solution.
New cross-carrier systemPer the release, the partnership aims to allow carriers to use blockchain through the Carrier Blockchain Study Group Consortium - founded by TBCASoft and SoftBank.
TBCASoft reportedly already created a cross-carrier blockchain with 18 participants.
"As the global pioneer of cross-carrier blockchain solutions, we have been working closely with leading telecommunication carriers in the past 3 years under the CBSG Consortium to drive adoption of the CCPS platform. We believe that this collaboration will bring greater combined values to our customers, partners, and the telecommunication industry."
CCPS reportedly allows for interoperability across different telecom carriers, which should in turn establish a network of merchants accessible to mobile service customers.
Softbank is the first carrier to adopt CCPS and aims to launch the payment system in Tokyo in 2020.More partnerships to comeIBM will reportedly leverage the experience gained by working with 80% of the world's telecommunications carriers to support scaling the ecosystem.
TBCASoft also plans to use IBM's blockchain platform to offer open technology and support multiple cloud environments.
"Leveraging a telecommunications blockchain network that can enable improved cross-carrier relations, cross carrier payment can help transform the way telecom carriers transact with partners and customers to deliver innovative payment solutions."
As Cointelegraph recently reported, Samsung Pay, the mobile payments service of South Korean tech giant Samsung, partnered with payments platform Finablr, a member of Ripple's RippleNet, to offer cross-border payments feature Money Transfer to users of its app.
TBCASoft, IBM and SoftBank Announced a Mobile Payment Blockchain
Publicado en Oct 23, 2019
by Cointele | Publicado en Coinage
Coinage
Noticias recientes
Ver todo
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.