• Tue, 21 May 2019, 09:23 PM
  • All times are UTC
  • Edition:
    International
Link copied

Dubai telecom giant du joins Carrier Blockchain Study Group

Photo Via Emirates 24|7

Mon, 21 Jan 2019, 07:23 am UTC

Dubai-based telecom giant du has joined the Carrier Blockchain Study Group (CBSG) as part of its efforts to foster blockchain innovations, Emirates News Agency reported.

Part of Emirates Integrated Telecommunications Company (EITC), du was recently in the news for its partnership with Dhonor HealthTech to develop the UAE’s first blockchain solution for patient-centric safety verification

Launched in September 2017, CBSG aims to build a next-generation global cross-carrier blockchain platform and ecosystem. Founding members include TBCASoft, SoftBank, Sprint Corporation, and Far EasTone Telecommunications. The consortium has also been joined by LG Uplus, KT Corporation, Etisalat Telecommunication Corporation, PLDT, Turkcell, Viettel Telecom Corporation, and Zain Group, among others.

With its CBSG membership, du will drive the development of blockchain-enabled services, such as TBCASoft’s Cross-Carrier Payment Systems (CCPS) – a blockchain-based global payment system which offers streamlined cross-carrier mobile payments and cross-carrier remittances through mobile wallets to end users.

“By joining the CBSG, our involvement with this expert consortium of industry leaders will launch the adoption of blockchain in the UAE telco sector and align us with the objectives of the UAE Blockchain Strategy 2021," said Osman Sultan, CEO of EITC.

In September 2018, four consortium members – LG Uplus, SoftBank, Far EasTone, and TBCASoft – teamed up to trial CCPS. The trial was scheduled to start in early 2019. In addition, SoftBank and TBCASoft collaborated with Synchronoss Technologies on a Proof of Concept (PoC) for a Rich Communications Service (RCS) and blockchain-based mobile payments service.

<Copyright © TokenPost. All Rights Reserved. >

The commenting service is available only after having logged in.
More
  • Bitcoin (BTC) $8,024.91 (+0.80%)
  • Ethereum (ETH) $258.50 (+2.54%)
  • XRP (XRP) $0.400700 (+0.63%)
  • Bitcoin Cash (BCH) $421.08 (+2.59%)
  • EOS (EOS) $6.34 (+0.97%)
  • Bitcoin (BTC) $8,024.91 (+0.80%)
May 21, 2019 (Tuesday)
11:23
Crypto exchange Kraken raises over $6.5M in equity funding
10:58
Crypto Technicals: BTC/USD hovers around $8000 mark, poised for upside resumption
10:54
PBoC-backed Shenzhen Fintech Research Institute seeks blockchain talent
10:16
Austrian fiber producer Lenzing to launch blockchain-based traceability platform
09:44
Crypto Technicals: Monero pullback finds support at 21-EMA, eyes $100 on upside resumption
09:30
US SEC again delays decision on VanEck bitcoin ETF application
07:55
Crypto Technicals: NEO/USD bounces off 110-EMA, retraces above cloud, scope for test of 13.85
07:39
Honda and GM team up to explore blockchain potential in smart grid and electric car interoperability
06:23
Seoul to roll out blockchain-based citizen cards
05:46
U.S. IRS to soon issue crypto tax guidance
05:05
Crypto and forex scams more than tripled in 2018/19 financial year, FCA finds
04:10
Mutual funds network Calastone goes live with real-time blockchain-based platform
May 20, 2019 (Monday)
11:53
Crypto Technicals: ETH/USD extends sideways, no major signs of reversal seen
10:32
Crypto Technicals: NEO/USD holds 1H 200-SMA support, break below eyes 9.42
08:19
ABB, Evolvere launch blockchain pilot for energy sector
07:25
Coinbase Earn expands to over 100 countries
07:25
Bahamas securities watchdog proposes cryptocurrency regulations
05:58
ABN Amro to roll out blockchain and IoT platform for commodities industry
05:52
Facebook registers new cryptocurrency firm Libra Networks in Switzerland
03:44
Billion, Microsoft to work with University of Warsaw on blockchain development
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft