SoftBank is teaming up with IBM to deliver cross-carrier blockchain solutions
In Brief:
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The focus will be on technologies allowing smartphone users to make local payments overseas.
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SoftBank will work with IBM as well as blockchain startup TBCASoft to develop crosscarrier blockchain networks.
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TBCASoft technology enables clearing between different carriers.
What does this mean?
TBCASoft is part of the Carrier Blockchain Study Group, an 18-member consortium set up by Softbank. IBM has made it clear it won’t join the consortium, but will work to maintain a strong relationship with SoftBank and the other members in order to look at the potential for blockchain.
