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Telecom blockchain consortium CBSG adds six new members
The Carrier Blockchain Study Group (CBSG), a global blockchain consortium of telecom carriers, has announced the addition of six new members.
The latest addition comprises of ASEAN and South Asian operator Axiata Group Berhad, Philippine-based PLDT, Indonesia-based PT. Telekomunikasi Indonesia International, Turkey-based leading digital operator Turkcell, Vietnam-based Viettel Telecom Corporation, and Kuwait-headquartered Zain Group.
Launched in September 2017, CBSG aims to build a next-generation global cross-carrier blockchain platform and ecosystem. Founding members include U.S.-based blockchain firm TBCASoft, Japan-based SoftBank, U.S.-based Sprint Corporation, and Taiwan-based Far EasTone Telecommunications. The consortium has also been joined by South Korea-based LG Uplus, KT Corporation, and UAE-based Etisalat Telecommunication Corporation.
“The CBSG Consortium has been growing very fast since it was founded in September 2017. We have accomplished a lot in inter-carrier blockchain business innovation with existing CBSG members,” Ling Wu, Founder and CEO of TBCASoft and Co-Chairman of CBSG. “We welcome new CBSG members and are looking forward to creating more blockchain-based business together with all members.”
In addition to the new members, the consortium has also announced a blockchain working group that will focus on global remittance services.
CBSG aims to provide telecom members and their customers various services such as secured global digital payments, clearing and settlement, personal authentication, IoT applications and other services using blockchain technology.