06 July 2018
| Alan Burkitt-Gray
A carrier consortium planning a global blockchain platform has doubled its membership from six to 12 – and it is now working on global remittances.
The six new members of the Carrier Blockchain Study Group
(CBSG) are Axiata, PLDT, Telin, Turkcell, Viettel and Zain.
They join Etisalat, Far EasTone, KT, LG Uplus, SoftBank
Masayoshi Son’s SoftBank – which is the
biggest shareholder in Sprint – set up the group in September 2017 along
with US blockchain specialist TBCASoft.
CBSG says it aims to provide carriers and their customers with
various services such as secured global digital payments,
clearing and settlement, personal authentication, IoT
applications and other services using blockchain
Turkcell CEO Kaan Terzioğlu said: "By transporting
valuable digital assets over mobile networks in a secure and
transparent framework, blockchains can speed the growth of the
digital economy and help us to deliver new services for our
The CBSG consortium is separate from the blockchain-based proofs of concept that
are taking place with the support of the International Telecoms
Week Global Leaders’ Forum (ITW GLF). Colt and
PCCW Global took part in the first trial under this scheme, to speed up voice settlements. Other
carriers have joined the GLF project.
Katrina Luna-Abelarde, PLDT’s head of
international and carrier business, said: "The inter-carrier
blockchain technology will definitely bring enormous benefits
to PLDT’s overseas customers whom we have been
serving for over 15 years." In particular she pointed to global
remittance services. "We seek to empower our global customers
with CBSG’s new platforms and solutions."
The SoftBank/TBCASoft consortium says it is setting up a new
working group that will focus on global remittance services.
"Blockchain technology is well suited for these types of
transactions; streamlining processes to better serve
consumers," said the CBSG. "The blockchain platform and
solutions proposed by the CBSG consortium are specifically
designed for telecom carriers and will help them create and
extend their services beyond traditional markets and
Telin CEO Faizal Rochmad Djoemadi said: "The core attributes of
blockchains, which is shared ledger, can ensure trust and safe
transactions between all participants which potentially can
generate new services especially in the digital asset
transactions area, mobile transactions and international
Terzioğlu said: "We must look beyond simply extending the
connectivity of existing telecom infrastructure. As mobile
carriers, we are well positioned to offer a
'blockchain-as-a-service’ ecosystem and we must
use this advantage."
He added: "Being a part of this leading telecom blockchain
consortium will help us to enhance our services and improve
customer experience on our digital platforms."