Copy link
Increase text size
Decrease text size
Link copied

KT and China Mobile team up to commercialize blockchain-based roaming charge system

Image: KT

Thu, 05 Dec 2019, 08:14 am UTC

South Korean telecom giant KT is boosting cooperation with China Mobile on 5G roaming services and a blockchain system, Yonhap reported.

The companies had demonstrated their 5G roaming services in May. KT said that it will roll out its 5G roaming services using China Mobile's network later this month. The ‘Narle’ service supports high-definition group video chat for up to eight people.

KT and China Mobile have also agreed to team up for the commercialization of a blockchain-based real-time roaming charge system. Called "B.Link," the system itself analyses roaming data from the two carriers and processes roaming charges in real-time, thereby allowing the companies to save costs and time.

KT’s blockchain initiatives

KT has been actively exploring blockchain technology for quite some time and has announced several initiatives in the past couple of months. Earlier this year, the company unveiled 5G network blockchain, called “GiGA Chain” which will enable organizations to build blockchain-based applications.

It had also announced GiGA Stealth – a blockchain-based service that will allow shielding IP addresses of connected devices by making them “invisible” to hackers, and a blockchain-based payment system.

Other initiatives include blockchain implementation in the food distribution system in collaboration with Nongshim Data System and a project to develop blockchain-based Halal Certified Trust Platform.

In addition, KT is also involved in a collaborative effort that aims to build a blockchain-based identification system. Other participating entities include Samsung, SK Telecom, LG UPlus, KEB Hana Bank, Woori Bank, and KOSCOM.

China’s National Blockchain Initiative

China Mobile, on the other hand, involved in a recently announced Blockchain Service Network Alliance (BSN) alongside Huobi China, China Merchants Bank International, China UnionPay, China Telecom, and WeBank. Planned by the State Information Centre (SIC), BSN is a national blockchain service infrastructure platform spanning public networks, regions, and institutions.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $9,180.75 (-2.24%)
  • Ethereum (ETH) $238.84 (-2.90%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $237.20 (-2.34%)
  • Bitcoin SV (BSV) $180.94 (-3.93%)
  • Bitcoin (BTC) $9,180.75 (-2.24%)
Feb 21, 2020 (Friday)
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
Brazil to launch new payment system in response to cryptocurrencies
Digital currency exchange Coinbase Pro lists Kyber Network token
Norwegian Air to soon start accepting crypto payments
Swedish central bank begins CBDC pilot with Accenture
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
Telecom companies complete cross-carrier mobile payments using blockchain
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
South Korean ICO project discontinued, to return $7.5M to token holders
Samsung maintains crypto support in soon-to-launch Galaxy S20
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
Coinbase becomes first crypto company to receive Visa principal membership
Dubai Economy and six banks launch KYC Blockchain Consortium
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.