Sprint Corp (NYSE:S), SoftBank and TBCASoft has succeeded in showcasing a cross-carrier payment platform system that utilizes TBCASoft’s unique blockchain technology. Earlier in 2017, the three firms agreed to intend to cooperate in jointly advancing blockchain technology for telecom carriers, and started a technical trial that links TBCASoft’s innovative blockchain platform to telecom carriers’ setups.
With Far EasTone recently joining this association, it since advanced into a consortium that intends to establish a next-gen international cross-carrier blockchain platform and network. CBSG will promote R&D for the platform with the intent of offering customers’ numerous services like secured clearing and settlement, IoT applications, personal authentication, and other services in the imminent period.
TBCASoft’s technology allows a highly secure and versatile international blockchain platform system that can be managed 24/7 at low cost. It will be launched at Sprint’s booth at upcoming Mobile World Congress Americas, to be held from September 12 to September 14 in San Francisco. The project links carriers’ telecommunication backend systems. It removes transaction failures or late transactions between telecom carriers. Not only can the setup considerably enhance current business operations, but more significantly it also allows numerous business prospects for telecom carriers.
Ling Wu, the CEO and Founder of TBCASoft, reported that they are advancing a cross-carrier distributed ledger system comprising of telecom carrier hosted servers supporting the TBCASoft blockchain platform. They intend to work with international telecom carriers to establish an extremely secure and top-performance blockchain setup where disruptive services can be universally offered to numerous telecom carrier subscribers globally.
Mr. Takeshi Fukuizumi, the VP of SoftBank Corp, reported that TBCASoft showcases an advanced layered system architecture. They can successfully integrate their Mobile App servers and Business Support System with TBCASoft blockchain platform at a reasonable cost in a short period of time. SoftBank is pleased with confirming the system performance and implementation of the TBCASoft’s blockchain system on which value transfer service directed by telecom carriers will be run.