Major telecom company PLDT joins overseas carriers around the world to develop a cross-carrier blockchain platform for the telecom industry.
Carrier Blockchain Study Group
PLDT has joined the Carrier Blockchain Study Group (CBSG), a consortium of telecom carriers around the world. Japan’s Softbank Corp leads the telco consortium. Among its members are the following:
- Sprint – US
- LG Uplus – South Korea
- KT Corp – South Korea
- Far EasTone Telco – Taiwan
- TBCASoft – Taiwan
- Etisalat – UAE
- Telefonica S.A – Spain
The Consortium’s Purpose
The consortium said that the with the new participants (of which PLDT is included), they are now in a position to lead the blockchain adoption among telecom carriers around the world.
The CBSG can provide telco participants with services that will run on blockchain technology. This includes personal authentication and roaming charge settlements.
PLDT is the largest telecom in the Philippines – comprising home broadband and mobile. It’s rival, Globe Telecom has a larger share in the mobile market. Both companies have a virtual control in the country’s telco operations.