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SoftBank, Sprint and TBCASoft, partnering in Blockchain tech, to service telecom cos.

Japan-based SoftBank Corp. (SoftBank), U.S.-based Sprint Corporation (Sprint) and U.S.-based TBCASoft, Inc. (TBCASoft) today announced they agreed to aim for a technology partnership jointly developing blockchain technology for telecommunication carriers.

TBCASoft is a startup company developing consortium-based blockchain technology specifically for telecommunication carriers. SoftBank, Sprint and TBCASoft will promote research and development with the aim of building a cross-carrier blockchain platform for various services, such as secured clearing and settlement, personal authentication, IoT applications, and other services provided by telecommunication carriers.

Starting June 2017, the three companies plan to start off a technical trial that will connect TBCASoft’s blockchain platform to telecommunication carriers’ systems. The three companies will collaborate closely on issues related to technology, business and the regulations of various jurisdictions.

Image over the headline.-  © SoftBank, © Sprint and © TBCASoft, respectively.

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Youku matures cutting bandwith costs through blockchain based crowdsourcing agreement

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