SoftBank, TBCASoft, Synchronoss Partner On RCS And Blockchain PoC

SoftBank Biggest Shareholder in Uber Tests Blockchain Payment Service with TBCASoft and RCS

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.

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