Sunnyvale, CA – January 8, 2019 – TBCASoft, Inc., an innovator in cross-carrier blockchain platform technology, and Synchronoss Technologies, Inc. (NASDAQ: SNCR), a global leader in cloud, messaging, digital and IoT products, today announced a partnership aimed at redefining the role of telecom operators through blockchain technology.

Additionally, Ling Wu, Founder and CEO of TBCASoft, and Glenn Lurie, President and CEO of Synchronoss, will discuss “The Blockchain: Redefining Telecom Operators” at the Consumer Electronics Show on January 8 at 5 p.m. PT. The session will be held at the Synchronoss booth in the Chairman’s Salon at the Wynn Hotel in Las Vegas.

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 enables payments via SMS, email, and Rich Communication 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 gaining momentum due to its unique vision and cross-carrier blockchain platform that operates without reliance on cryptocurrencies. Its Cross-Carrier Payment Service (CCPS) application framework enables global mobile payment services among CBSG carriers. Synchronoss, as a foundation application provider, plans to leverage Distributed Ledger Technology to eliminate intermediary parties typically found in traditional payment ecosystems to deliver more efficient services.

“Leading carriers recognize the value of a consortium-based blockchain, and the technology is gaining recognition as an innovative way to empower carriers with enhanced transparency, security, and real-time transactions supported by blockchain advantages,” said Ling Wu. “As the carrier community drives toward a digital future and aims to deliver superior customer experiences, blockchain will be at the center of that evolution. We are excited to collaborate with Synchronoss, whose expertise in innovative digital solutions will help carriers achieve their objectives.”

Synchronoss President and CEO Glenn Lurie added: “Our successful proof of concept demonstrates how this new cutting-edge technology, along with new RCS-based mobile services, will disrupt current messaging and payment markets, creating new opportunities for customers, brands, and carriers worldwide. Being part of the rapidly growing CBSG Consortium allows us to leverage our expertise and global reach across multiple digital platforms. Blockchain is the future for handling the massive scale and complexity of transactions requiring transparency and security, and Synchronoss is well positioned to deliver on that future.”