Turkcell Participates in World's Fastest Growing Blockchain Consortium

Among its founders, Turkcell is included in the global blockchain consortium Carrier Blockchain Study Group (CBSG) of the telecom operators, including US-based Sprint and telecommunications giants like Japan-based Softbank

The blockchain consortium of the telecom operators Carrier Blockchain Study Group (CBSG); Turkey's leading digital operator Turkcell, as well as Southeast Asian Nations Association and serving in South Asia Axiata Group Berhad (Axiata), the Philippines serving PLDT, Inc., PT, serving in Indonesia Telekomunikasi Indonesia International (Wire) Viettel Group in Vietnam and Zain Group in Kuwait have announced their decision to work together to explore ways to build a blockchain platform and ecosystem for the next generation global operators.

The world's fastest expanding and sector-leading Telekom Blockchain consortium CBSG; US-based Blockchain technology company TBCASoft, Inc. and Japan-based SoftBank Corp. was founded in September 2017 to lead the joint development of an innovative Blockchain platform specially designed for telecom operators with US-based Sprint Corporation and Taiwan-based Far EasTone Telecommunications Co., Ltd. (FarEasTone) as the first founding members. Other members of the consortium are LG Uplus Corp, KT Corporation and Etisalat Telecommunication Corporation based in the United Arab Emirates. CBSG intends to provide secure global digital payment, clearing and settlement systems, personal authentication, IOT applications and other services that use Blockchain technology to telecom operator members and their clients.

The consortium will also provide an additional Blockchain working group to focus on global money transfer services will be created. Blockchain technology, which is well suited for such transactions, facilitates processes so that customers can be better served. Offered by the CBSG Consortium, especially designed for telecom operators, this Blockchain platform and solutions will help operators build services beyond traditional markets and move those services beyond their boundaries.

"Blockchain technology will help me to develop new services"

The valuable digital technology of the digital world, which has become a leading platform of the world in the short time established last year, attracts attention with its new members added every day, Turkcell General Manager Kaan Terzioğlu noted that BlockChain technology will speed up the growth of the digital economy and enable new generation services to emerge. "As telecom companies, we need to consider far beyond developing and expanding our existing infrastructures. We can best provide operators with the "Blockchain" ecosystem as a service, and we must use this advantage in the best possible way. For this reason, we look forward to sharing our experience with the next generation inter-operator Blockchain platform CSBG. I believe that being a part of CSBG will help us improve the services we offer in our digital platforms and maximize the customer experience. "

Source: Hürriyet