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