SoftBank, TBCASoft, Synchronoss Partner On RCS And Blockchain PoCbr>
Japan-based telecom carrier SoftBank, California startup TBCASoft and and tech firm Synchronoss Technologies (SNCR) are collaborating on a proof of concept (PoC) for a Rich Communications Service (RCS) and blockchain mobile payments service.
According to the announcement, Synchronoss has launched a secure multi-channel communications platform in Japan earlier this year, which covers SMS, email and RCS, a communication protocol that aims to replace SMS messages with a text-message system that is richer, provides phonebook polling, and transmit in-call multimedia.
SoftBank and TBCASoft are members of the the Carrier Blockchain Study Group (CBSG) Consortium, which aims to give telecom members and their user different services such as secured global digital payments, personal authentication, IoT applications, clearing and settlement and other services using blockchain technology. They have been working together to deliver a cross-carrier blockchain platform called Cross-Carrier Payment Service (CCPS), which facilitates global mobile payment services among global telecommunication carriers.
The three companies recently completed a mobile payments service PoC based on RCS and CCPS. The PoC was designed to allow users to make a range of in-store, mobile and digital purchases directly from their device. The RCS global messaging standard was conveniently used to send a payment, and the flexibility of the CCPS blockchain API enabled the recipient to use an RCS-based messaging app or legacy messaging service like SMS or mobile email to receive person-to-person (P2P) money transfers through the RCS wallet app either in the same country or overseas.
“A mobile customer based in Japan, for example, can travel to the USA and make a purchase in dollars via RCS which is supported by SoftBank and Synchronoss,” the companies said.
Takeshi Fukuizumi, Vice President of Softbank, said that the RCS and blockchain based mobile payments PoC demonstrates the value operator-led services can deliver.
“Not only do we foresee our new mobile payment service empowering merchants to operate digitally, and at a scale that was previously only available to big brands, but it will also give our customers more flexibility when it comes to their purchasing and travelling habits,” Fukuizumi said.
Glenn Lurie, Synchronoss CEO and President, said that new cutting edge technologies, such as blockchain and RCS, will disrupt the current messaging and payments market, creating new opportunities for customers, brands, and businesses, and will also drive incremental revenue for operators from messaging.
“Our PoC demonstrates how SoftBank is at the forefront in bringing to market new cutting edge technology through the use of blockchain as well as new RCS-based mobile services,” said Lurie. “RCS messaging will become the foundation for a new, feature-rich marketplace for brands and merchants, both large and small, to interact with subscribers. With our expertise and global reach across multiple messaging platforms – not only RCS, but also email, IM, MMS and SMS, Synchronoss is ideally positioned to take advantage of this important new trend in mobile.”