SoftBank, Sprint, TBCASoft Working Together on Blockchain Technology for Carriers

SoftBank, Sprint and TBCASoft said they're working toward a technology partnership jointly developing blockchain technology for telecom carriers. Blockchain technology is used by companies to jointly manage the database that records Bitcoin transactions. SoftBank owns a majority interest in Sprint. “TBCASoft is a startup company developing consortium-based blockchain technology specifically for telecommunication carriers,” said a Friday joint news release. “SoftBank, Sprint and TBCASoft will promote research and development with the aim of building a cross-carrier blockchain platform for various services, such as secured clearing and settlement, personal authentication, IoT applications, and other services provided by telecommunication carriers.” The three plan a technical trial starting in June that connects TBCASoft’s blockchain platform to carriers’ systems, the announcement said: “The three companies will collaborate closely on issues related to technology, business and the regulations of various jurisdictions.”