Carrier Blockchain Study Group Adds Six New Members
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Carrier Blockchain Study Group Adds Six New Members

The addition of six new members has been announced by the Carrier Blockchain Study Group (CBSG), a global blockchain consortium of telecom carriers.

The latest addition includes Philippine-based PLDT, Indonesia-based PT, ASEAN and South Asian operator Axiata Group Berhad. Turkey-based leading digital operator Turkcell, Vietnam-based Viettel Telecom Corporation, Kuwait-headquartered Zain Group and Telekomunikasi Indonesia International.

Launched in September 2017, CBSG seeks to build a next-generation global cross-carrier blockchain platform and ecosystem. The founding members include U.S.-based blockchain firm TBCASoft, Taiwan-based Far EasTone Telecommunications, U.S.-based Sprint Corporation and Japan-based SoftBank. South Korea-based LG Uplus, UAE-based Etisalat Telecommunication Corporation and KT Corporation have also joined the consortium.

“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.”

Appart from this the new members, the consortium also announces a blockchain group that will concentrate on worldwide remittance services.

Blockchain is the most trusted and fastest growing crypto company, helping millions across the globe have an easy and safe way to access cryptocurrencies.

Blockchain is connecting the world to the future of finance. They are the most trusted and fastest growing crypto company, helping millions across the globe – from single individuals to the largest institutions – have an easy and safe way to access cryptocurrency. Through the use of blockchain technology, Blockchain is revolutionizing the $14T financial services industry. Blockchain has raised over $70 million in funding from leading investors including Lightspeed Venture Partners and Google Ventures.

CBSG 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.

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Madhuri Arora
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