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Broadband

IBM, SoftBank, TCBASoft to launch cross-carrier payment system using blockchain

Wednesday 23 October 2019 | 10:49 CET | News
The first application to launch under the cooperation will be the Cross-Carrier Payment System, a service that will let mobile subscribers traveling overseas pay local merchants in their home currency, by using a mobile payment app. The records will be shared on a blockchain network, where blocks of information are linked using cryptography. This will ensure security by showing the executed transactions in a verifiable proof of events and clearing deals between different telecom carriers, referred to as over-the-top (OTT) payment systems. Basically, the system will establish a network of

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Categories: Internet / Mobile & Wireless
Companies: IBM / Softbank
Countries: World
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