Yesterday, TBCASoft, IBM and SoftBank announced a partnership to develop cross-carrier blockchain solutions for telecom companies. The trio aims to enable carriers to leverage distributed ledger technology (DLT) through the Carrier Blockchain Study Group (CBSG) Consortium, co-founded in 2017 by TBCASoft, Sprint and SoftBank.
CBSG has developed the DLT-based Cross-Carrier Payment System (CCPS), to optimize transaction records and clearing between different carriers. Telecom carriers offer over-the-top (OTT) payments solutions, where payments using a mobile wallet are adjusted in the customer’s monthly telecoms bill. With CCPS, the goal is to enable mobile subscribers to use their existing mobile wallets for payments when on a roaming network.
Ledger Insights previously
reported on the development of CCPS by TBCASoft and Softbank. TBCASoft said it plans to use the IBM Blockchain Platform in its product stack. IBM’s entrance is likely to enable higher interoperability between existing OTT payments networks as its blockchain platform is designed to be used with various cloud-based systems. IBM’s blockchain solution is based on the open-source Hyperledger Fabric protocol.
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