TBCASoft, IBM, and Softbank announced a collaboration on 22 October to adopt a cross-carrier telecommunications blockchain payment solution. Companies aim to allow carriers to use blockchain through the Carrier Blockchain Study Group.
Founder and CEO of TBCASoft Ling Wu said that they believe that this collaboration will bring greater combined values to our customers, partners, and the telecommunication industry. He further informed that they have been working closely with leading telecommunication carriers in the past three years under the CBSG Consortium to drive adoption of the Cross-Carrier Payment System (CCPS) platform.
The Cross-Carrier Payment System reportedly allows for interoperability across different telecom carriers to help network of merchants accessible to mobile service customers. Vice President & Partner for Blockchain, IBM Telecommunications Services Utpal Mangla said that 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.