Synchronoss Technologies, a global leader and innovator of cloud, messaging, digital and IoT products, and TBCASoft, an innovator of cross-carrier blockchain platform technology, announced that they are teaming to redefine telecom operators with blockchain.
Last year, Synchronoss and TBCASoft successfully completed a payment service proof of concept designed to allow users to make a range of in-store, mobile and digital purchases directly from their devices using Synchronoss’ secure multi-channel communications platform. The Synchronoss platform provides for payments via SMS, email and rich communications services (RCS) leveraging TBCASoft’s cross-carrier blockchain payment platform.
TBCASoft also leads the Carrier Blockchain Study Group (CBSG), a global consortium of telecom carriers, which has been gaining momentum because of its unique vision and cross-carrier blockchain platform that has no reliance on cryptocurrencies. Its Cross-Carrier Payment Service (CCPS) foundation application framework facilitates global mobile payment services among CBSG carriers. Synchronoss, a foundation application provider, plans to leverage Distributed Ledger Technology to remove middlemen parties typically found in other payment ecosystems to create improved services.
Ling Wu, Founder and CEO, TBASoft
Leading carriers recognize the value of a consortium-based blockchain, and the technology is gaining recognition as an innovative means of empowering carriers to provide differentiated services by securing transparency, security and real-time transactions with blockchain advantages.
Glenn Lurie, President and CEO, Synchronoss
Our successful proof of concept demonstrates how this new cutting-edge technology, as well as new RCS-based mobile services, will disrupt the current messaging and payments market to create new opportunities for customers, brands and carriers globally.
