IBM, SoftBank And TBCASoft Adopt Blockchain To Simplify Mobile Charges

Blockchain, Innovation, News | October 23, 2019 By:

Tech giant IBM, Japan-based telecom carrier SoftBank and California-based tech startup TBCASoft have joined forces to transform the telecommunications industry with cross-carrier blockchain solutions.

The partnership aims to enable new synergies throughout the industry, provide new services to telecom carriers and their subscribers, and foster innovative business models. As part of the agreement, TBCASoft will bring technology and solutions, IBM will bring its blockchain technology, experience in integrating and scaling blockchain networks, and software solutions, and SoftBank will bring its telecommunications expertise.

“Together, the companies will aim to enable carriers to leverage blockchain technology through the Carrier Blockchain Study Group (CBSG) Consortium, a global carrier blockchain consortium co-founded by TBCASoft and SoftBank,” the companies said in a press release. “The first application to be launched by the CBSG Consortium is the Cross-Carrier Payment System (CCPS), which will be designed to allow traveling mobile subscribers to use their mobile payment app with local merchants while abroad.”

The strategic collaboration will also see IBM support the scaling of the ecosystem, leveraging the experience gained through working with 80% of the world’s telecommunication carriers. TBCASoft said that it plans to use the IBM Blockchain Platform in its blockchain stack to offer open technology that can be used in multiple cloud environments.

“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,” said Ling Wu, Founder and CEO of TBCASoft. “As the technology provider of CCPS, we are extremely excited to see the strong momentum of the platform and how it is positioned as an important pillar of the telecommunication transformation strategy. We believe that this collaboration will bring greater combined values to our customers, partners, and the telecommunication industry.”

SoftBank is one of the founders of the CBSG Consortium and the first adopter of CCPS. The Japanese telecom carrier is providing industry expertise, strategic support and technical services to make the launch of CCPS possible. SoftBank aims to launch the payment system in Tokyo in 2020.

“We are proud to contribute to this project, which utilizes our expertise as the first adopter of the CCPS platform,” said Daichi Nozaki, VP & Head of SoftBank Corp. Global Business Division. “We look forward to working on this ecosystem transformation initiated by the telecommunications industry, with carriers around the world united as one through blockchain technology.”