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.