Sprint Corporation has collaborated with California-based TBCASoft, Inc. and SoftBank to work on blockchain technology developed for telecommunication
Sprint Corporation has collaborated with California-based TBCASoft, Inc. and SoftBank to work on blockchain technology developed for telecommunication carriers.
SoftBank Corp. is a subsidiary of SoftBank Group Corp. that is an Internet connection, mobile and fixed-line communication provider in Japan.
The three companies will team up to research and develop the blockchain sector. The goal of the business partnership is to build a cross-carrier blockchain platform that can be used for different services, including IoT applications, secured clearing and settlement, personal authentication and other services telecommunication carriers provide.
The technical trial will be launched in June 2017, when TBCASoft`s blockchain platform will be connected to telecommunication carriers` systems, added the media. The parties plan to work together on issues related to technology, business and regulations.
The move is not surprising as a recent survey conducted by Deloitte has found that many US-based companies start investing in blockchain technology, as cryptocoinnews.com wrote previously.
“It is fair to say that industry is still confused to a degree about the potential for blockchain. More than a quarter of surveyed knowledgeable execs say their companies view blockchain as a critical, top-five priority. But about a third consider the technology overhyped.”, said David Schatsky, managing director at Deloitte as quoted by cryptocoinnews.com.
The survey also revealed that various sectors show interest in blockchain technology. Technology, media and telecoms, among others, are planning investments in financhial technology.
“Most financial services companies have been involved in blockchain via their labs, investments, and pilots for a while now. Other industries are now starting to realize the potential for disruption, as well as the new opportunities that blockchain creates.”, said Eric Piscini, principal at Deloitte LLP and the Global Financial Services Blockchain leader in an interview with cryptocoinnews.com.
However, the impact depends on the communication services providers (CSPs) and their activity with regard to adaptation of the blockchain technology.