With these new members, CBSG will accelerate the adoption of blockchain technology among telecom carriers and continue to expand carrier networks on a global scale.
LG Uplus will continue to explore differentiated customer values through cooperation with CBSG.
We are looking forward to collaborate with CBSG to explore possibilities to capitalize on this next-generation global cross-carrier blockchain platform and ecosystem.
CBSG aims to provide telecom members and their customers various services such as secured clearing and settlement, personal authentication, IoT applications and other services using blockchain technology in the future.
CBSG promotes research and development of the blockchain platform, and already succeeded in demonstrating top-ups, or recharging of a pre-paid phone account as well mobile wallet roaming - a digital wallet that enables mobile users to make payment transactions on a mobile device when traveling outside their home countries with settlement through their home mobile carriers.
CBSG also functions as a working group for members to resolve issues related to technology, business and the regulations of various jurisdictions.