Bali, Indonesia, September 17, 2019 – Leading telecom carriers and payment solution providers from the CBSG Consortium participated in a CBSG workshop, a two-day executive working session, to conclude the commercial use-cases for mobile transactions using TBCASoft’s Cross-Carrier Payment System (CCPS) Platform.

Carriers are among the best globally distributed parties that can fully harness the benefits of blockchain technology and transform digital services. Compared to legacy mobile payment networks, the Cross-Carrier Blockchain-based network provides faster and more efficient transaction records clearing that removes the reconciliation bottleneck. This approach has a fundamental advantage over existing payment networks.

Ling Wu, Co-Chairman of the CBSG Consortium, and Founder and CEO of TBCASoft said, “This workshop, organized by the CBSG Consortium, has helped carriers create a strong business case using the CCPS Platform for mobile transactions. We are looking forward to this use-case being available in 2020. The CBSG Consortium will continue to share details on the commercial use-case.”

Daichi Nozaki, VP Global Business of SoftBank Corp., and Co-Chairman of the CBSG Consortium said, “Our Consortium members have a great opportunity to differentiate their solutions, such as a mobile wallet service, with a Cross-Carrier/Border capability that seamlessly expands their market. That means a Consortium member’s subscriber can use their home mobile wallet to make transactions at the merchants acquired by another Consortium member without having to adopt another mobile wallet.”

Budi Satria Dharma Purba, Chief Commercial Officer of Telin said, “It is a pleasure to co-host this milestone event building powerful use-cases around the Cross-Carrier Blockchain Platform with visionary members of the CBSG Consortium. We continually strive to leverage advanced technologies to produce world-class digital solutions. The CBSG Consortium and TBCASoft’s Blockchain Platform will support Telin’s new digital value creation and leverage our network extensive coverages.”

The CBSG Consortium is the leading telecom blockchain consortium. It was launched in September 2017 to enable the joint development of an innovative blockchain platform designed specifically for telecom carriers, led by U.S.-based blockchain technology company TBCASoft, Inc. (“TBCASoft”), and Japan-based SoftBank Corp. (“SoftBank”), with U.S.-based Sprint Corporation (“Sprint”), and Taiwan-based Far EasTone Telecommunications Co., Ltd. (“Far EasTone”) as initial founding members. CBSG aims to provide telecom members and their customers various services such as secured global digital payments and clearing and settlement, personal ID authentication and other services using blockchain technology.

Far EasTone Telecommunications (FET) is a leading company in Taiwan which provides telecommunications and digital application services. FET has continued to introduce new products and services utilizing access technologies, including 4G, 5G and Wi-Fi. Far EasTone was the first telecom operator in Taiwan to start operating 4.5G/LTE on 2,600 MHz band in 2016. Furthermore, FET worked with Ericsson to establish the first 5G Lab in Taiwan. In 2019, “For Every Thought, We Go Further” is the new brand statement; through providing excellent customer experience, innovative application services and enhancing the ICT industry’s vertical integration, enterprise cloud services, FET will strive to reduce the gap between people and new technology and become the most preferred digital living partner for consumers. For more information, please go to http://www.fetnet.net.

Guided by the SoftBank Group’s corporate philosophy, “Information Revolution – Happiness for everyone,” SoftBank Corp. (TOKYO: 9434) combines telecommunications services