Major telecommunications carriers and payment solutions providers from the Carrier Blockchain Study Group (CBSG) consortium have participated in an executive workshop to discuss the commercial use cases of mobile transactions via TBCASoft’s Cross-Carrier Payment System (CCPS) Platform.
According to a report by tech news outlet Ledger Insights, the CCPS Platform, expected to launch in 2020, will allow users to use mobile wallets while roaming and settle payments through their local phone bills. Their respective carriers can then settle transactions with each other via CCPS.
Daichi Nozaki, VP of Global Business at SoftBank Corp and Co-Chairman of the CBSG Consortium, stated, “Our Consortium members have a great opportunity to differentiate their solutions, such as a mobile wallet service, with a Cross-Carrier/Border capability that seamlessly expands their market.”
“That means a Consortium member’s subscriber can use their home mobile wallet to make transactions at the merchants acquired by another Consortium member without having to adopt another mobile wallet.”
Launched in 2017, the CBSG Consortium is the leading telecom blockchain consortium, with the goal of enabling joint development on an innovative blockchain platform specifically designed for telecom carriers.
The group is led by U.S.-based blockchain technology company TBCASoft Inc. and Japan-based SoftBank Corp., with U.S.-based Sprint Corporation and Taiwan-based Far EasTone Telecommunications Co., Ltd. as the initial founding members.
Since its founding, the consortium has assembled a total of 15 leading telecom firms, including GT Telecom, Axiata, Etisalat, LG U+, KT Corp, MTN, PLDT, Telin, Turkcell, Viettel, and Zain.
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