du has joined the Carrier Blockchain Study Group (CBSG), the global blockchain consortium of telecom carriers whose other members include Axiata, PLDT, Telin, Turkcell, Viettel and Zain.
du is set to work alongside some of the other leading multinational telco firms as a member of CBSG.
In joining the CBSG, du will become a key part of the first worldwide telecom carriers’ blockchain consortium and will drive the creation of blockchain-enabled services, such as Cross-Carrier Payment Systems (CCPS) – a blockchain-based global payment system developed by TBCASoft, a U.S.-based blockchain technology company as well as a founding member of the CBSG Consortium.
The CCPS is one of the key solutions developed by TBCASoft. It offers streamlined cross-carrier mobile payments and cross-carrier remittance through mobile wallets to end users.In the UAE, this will mean that direct transfers can occur instantly without “middlemen” or a fear of manipulation, even for cross-border payments. This will also reduce the cost of the charges along the payment chain.