Sprint Corporation has teamed with TBCASoft, Inc. and SoftBank to develop blockchain technology for telecommunication carriers.
TBCASoft, based in Sunnyvale, Calif., develops consortium-based blockchain technology for telecommunication carriers.
SoftBank Corp. is a subsidiary of SoftBank Group Corp. that provides Internet connection services, mobile communication and fixed-line communication to customers in Japan.
The three companies will promote research and development to build a cross-carrier blockchain platform for a variety of services, including IoT applications, secured clearing and settlement, personal authentication and other services telecommunication carriers provide.
In June 2017, the companies will begin a technical trial to connect TBCASoft’s blockchain platform to telecommunication carriers’ systems. The parties will collaborate on issues related to technology, business and regulations of different jurisdictions.
Sprint developed the first wireless 4G service from a national carrier in the United States.
Telecom Invests In Blockchain
A recent Deloitte survey found blockchain technology is being adopted across industries, including telecommunications, consumer products, manufacturing, technology and media.
In technology, media and telecom, 27% of executives said their companies will invest $5 million or more next calendar year. Twenty-three
Read more ... source: CryptoCoinsNews
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