SoftBank, TBCASoft, Synchronoss Partner On RCS And Blockchain PoC

SoftBank, TBCASoft, Synchronoss Partner On RCS And Blockchain PoC

SoftBank and TBCASoft are members of the the Carrier Blockchain Study Group (CBSG) Consortium, which aims to give telecom members and their user different services such as secured global digital payments, personal authentication, IoT applications, clearing and settlement and other services using blockchain technology. The platform covers email, SMS and the Rich Communication Services.

The three entities joined their efforts to carry out a PoC that was meant to enable users to conduct in-store, mobile, and digital purchases from their mobile phones. A customer can travel from Japan to the U.S and make a purchase in dollars with RCS, supported by Synchronos and SoftBank.

The solution is based on the Rich Communication Services (RCS), a global communication standard that is expected to replace existing text messages with an alternative system that enables the transfer of multimedia, integration with apps, voice calls, and mobile payments. The CCPS blockchain API allows the user to apply an RCS-based messaging app or legacy messaging service such as email or SMS to receive money transfers through via the RCS wallet app.

"This RCS and blockchain based mobile payments PoC demonstrates the value operator-led services can deliver". The newly developed payment services app is being demonstrated at the Mobile World Congress Americas conference in Los Angeles from September 12 to 14.

Ling Wu, TBCASoft CEO mentioned in a statement that, "A large number of Communication Service Providers (CSPs) are adopting the blockchain technology to add new features and services to their portfolio". "The success of this PoC proves that our Cross-Carrier Blockchain Platform can help CSPs leverage common standards like RCS to deliver disruptive services to their customers". The activity involved the partnering firms jointly creating the blockchain-based PoC, which integrates RCS with a distributed blockchain-based network deployed across multiple telecom carriers. Sychronoss Technologies is an worldwide creator of cloud, digital, IoT, and messaging products. It is utilized for worldwide mobile payment services across global telecommunications carriers.

Synchronoss CEO and President Glenn Lurie believes the new platform will disrupt the current messaging and payments market, creating new opportunities for customers, brands and businesses. For more information, visit us at www.synchronoss.com.

Users of the new blockchain platform will not have to change their money at a bank when traveling internationally. Softbank has entered into a partnership with Synchronoss Technologies and TBCASoft, a blockchain firm dealing with telecommunication.

Related News:

  • Google shares new Pixel 3 teaser ahead of October 9 event

    Google shares new Pixel 3 teaser ahead of October 9 event

    Today, Google started sharing teasers for the Pixel 3 , confirming beyond a shadow of a doubt that it's going to be the main attraction.
    Country star Alan Jackson's son-in-law dies after fall at boat dock

    Country star Alan Jackson's son-in-law dies after fall at boat dock

    They shared a "surprise" first dance - a two-step swing dance - to her father's first radio single, "Blue Blooded Woman". At the time, Mattie wrote lovingly about the pair's meeting, period of dating, proposal , and wedding.
    Dua Lipa 'proud' of fans after concert removal

    Dua Lipa 'proud' of fans after concert removal

    The rights in China are behind that of the United Kingdom , meaning that the fans who shared the flag were actively persecuted. EST: Lipa has now addressed the Shanghai uproar in an Instagram post, which notes that she was "horrified" by the situation.
  • Parental Whitelisting Controls Arrive on YouTube Kids App

    Parental Whitelisting Controls Arrive on YouTube Kids App

    Geared towards older children, parents can now let their kids view popular music and gaming videos via the YouTube Kids app . One video showed Mickey Mouse in a pool of blood, for example.
    President Trump: Kerry Meetings With Iran Officials Are Illegal

    President Trump: Kerry Meetings With Iran Officials Are Illegal

    Kerry has said that he met "three or four times" with Iranian Foreign Mininister Javad Zarif. The two were key players in the 2015 nuclear agreement forged by the USA and Iran.
    Sia & Dolly Parton -

    Sia & Dolly Parton - "Here I Am"

    Even Macdonald, who rapped in "Patti Cakes$", and Aniston lend their voices to the soundtrack, which will be released November 30. Adapted from the book by Julie Murphy , the film features collaborations and original music from Parton.
  • Hurricane Florence moves inland near Cape Fear, North Carolina - NHC

    Hurricane Florence moves inland near Cape Fear, North Carolina - NHC

    Florence's winds have dropped from a peak of 140mph to 105mph, reducing the hurricane from a Category 4 to a Category 2. A hurricane warning is in effect for South Santee River, SC, north to Duck, NC, and the Albemarle and Pamlico Sounds.
    Irish government says Trump has postponed November trip to Ireland

    Irish government says Trump has postponed November trip to Ireland

    Mr Varadkar said there is a standing invitation for any United States president to come to Ireland and many have in the past. White House press secretary Sarah Sanders, however, said Tuesday that the visit might still happen, the Guardian reports.
    Explosions damage homes near Boston

    Explosions damage homes near Boston

    Teams of firefighters, police, and gas company workers were out in force overnight, shutting off gas to the 8,000 impacted homes. The incident forced National Grid to cut power to all three communities, leaving an estimated 18,000 people in the dark.
  • Stop eating dog meat: Hanoi residents told

    Stop eating dog meat: Hanoi residents told

    The Hanoi People's Committee said the practice could tarnish the city's image as a "civilised and modern capital". Suu instructed local governments to raise awareness of the risk of rabies when raising dog and cat meat.

    House passes bill that bans eating dog, cats

    California, Georgia, Hawaii, Michigan, New York and Virginia are the six states that explicitly ban cat and dog consumption. The House of Representatives passed a bill this week that makes it illegal to kill cats and dogs for human consumption.
    Ampadu was rejected by England

    Ampadu was rejected by England

    However things might have been different for the teenager as he played for England's under 15s and was actually born in Exeter. This chap, you need to get for England '.


Most liked

Milwaukee officer involved in NBA player's arrest fired
In May, police released body cam video showing the arrest and tasing of Brown outside a Milwaukee Walgreens store on January 26. Brown sued the police department in June and accused officers of using excessive force and targeting him because he's black.

Adidas to Reportedly Sign Naomi Osaka to $8.5 Million-Per-Year Deal
When Ellen asked Osaka what Serena whispered in her ear at that moment, Osaka smiled. Osaka has landed another huge deal after beating Williams in the US Open final.

Dwyane Wade Still Not Prepared To Make Decision On 18-19
Last season, he played for the Cleveland Cavaliers then was traded back home to Miami where he played 21 games off the bench. I think I've been very open and honest to my loved ones and to everybody when I spoke about some of the process.

China will not "surrender" to U.S. demands in trade talks
His comment tempered cautious optimism among investors over the USA government's proposal for another round of talks with Beijing. Farmers felt the pain when China targeted them with retaliatory tariffs, cutting off a major market for USA agriculture exports.

Florence sits on doorstep of Carolinas with projected winds of 100mph
More than 80,000 people were already without power as the storm began buffeting the coast, and more than 12,000 were in shelters. September 14, 2018. "It truly is really about the whole size of this storm", National Hurricane Center Director Ken Graham said.

Blake Lively Was Paranoid About Her Unexpectedly See-Through Top
Blake was on the chat show promoting the black comedy mystery directed by Paul Feig, 55, and co-starring Anna Kendrick, 33. On The Tonight Show , Lively shared a story about how a fan shouted at her that her "teats" where incredible .

Doc Shows Trump Transferred $10M From FEMA To ICE
Long is the latest in a long line of Trump administration officials to come under fire for misusing government funds on travel. Where did that money come from? Connolly accused the president of "putting lives at risk in the middle of hurricane season".

Four storms swirling in Atlantic as Tropical Storm Joyce forms
Florence, however, continues to threaten the east coast as a fierce storm that could trigger flooding as far south as Georgia. The storm is now around 530 miles southeast of Cape Fear, North Carolina, and is moving west-northwest at 17 mph.

Eminem Fires Back at Machine Gun Kelly With a Brutal Response
In previous clips of the chat Eminem spoke about the reasons behind his beef with Machine Gun Kelly . Eminem dissed MGK on his " Kamikaze " album and now he's explained why.

Apple iPhone Xs, iPhone Xs Max Pre-Orders Are Now Live
The bigger question is whether you consider the iPhone XR's $750 a reasonable price for a new iPhone that isn't its top flagship. Luckily, if you owned a previous iPhone that came with a wired dongle, you can still use that with the new Apple handsets.

Much of Carolinas awash after Hurricane Florence moves in
Across the state, more than 314,000 residents and businesses, mostly in eastern counties, were without power as of 6 a.m. CNN's not the only media outlet with reporters in the way of Florence, delivering scoops on what rain and wind look like.

Two Koreas open joint liaison office in North: Pool report
The two sides in the past communicated by fax or special phone lines, which would often be cut when relations soured. Picture taken on April 18, 2018.

Florence by the numbers: Strongest wind gust in 60 years hits Wilmington
North Carolina is the largest tobacco grower and ranks second among USA states in hog inventory and producing broiler chickens. As of 3 a.m., Florence hadn't moved and was still centered about 35 miles (55 kilometers) east of Wilmington , North Carolina.

Russian agents planned to spy on Swiss chemicals lab
The two men were expelled from The Netherlands shortly after their arrest, which was had not been reported until now. The Swiss lab analysed samples from the poisoning of the former Russian double agent in the UK.

Jeff Bezos Pledges $2 Billion Toward Education and Homelessness
Jeff Bezos's net worth is about $150 billion, so this campaign represents a little over 1% of that. Mr Bezos solicited ideas on Twitter past year for ways to donate some of his wealth.