Carrier Blockchain Study Group Welcomes Dubai Telecom Giant Du
Dubai-based telecom company Du has joined the Carrier Blockchain Study Group (CBSG) to build a next-generation global cross-carrier blockchain platform.
Du, formerly Emirates Integrated Telecommunications Company (EITC), is one of the two telecom operators in the United Arab Emirates (UAE). The company’s services include mobile and fixed telephony, broadband connectivity, and iptv services for individuals, homes and businesses. It also provide carrier services for businesses and satellite up/downlink services for TV broadcasters.
The CBSG, formed by Japan-based SoftBank, US-based Sprint, Taiwan-based Far EasTone and US-based TBCASoft in 2017, aims to develop an innovative blockchain platform designed specifically for telecom carriers. The goal of the group is to give telecom members and their users different services such as secured global digital payments, personal authentication, Internet of Things (IoT) applications, clearing and settlement and other services using blockchain technology. CBSG members include LG Uplus, KT Corporation, Etisalat Telecommunication Corporation, PLDT, Turkcell, Viettel Telecom Corporation, and Zain Group, among others.
As a member of the CBSG, Du said that it will become a key part of the first worldwide telecom carriers’ blockchain consortium and will drive the creation of blockchain-enabled services, such as Cross-Carrier Payment Systems (CCPS), a blockchain global payment system developed by TBCASof that offers streamlined cross-carrier mobile payments and cross-carrier remittances through mobile wallets to end users.
Osman Sultan, CEO of Du, said that the advantages of blockchain are becoming widespread throughout the world, and unlocking the potential of this technology is essential for empowering individual users and creating new value within the UAE’s enterprise community.
“By joining the CBSG, our involvement with this expert consortium of industry leaders will launch the adoption of blockchain in the UAE telco sector and align us with the objectives of the UAE Blockchain Strategy 2021,” Sultan said. “This reflects our continual commitment towards creating safer, more secure networks and a refined focus towards the exploration of blockchain’s endless possibilities.”
Last week, the Dubai-based telecom giant teamed with blockchain healthcare solutions company Dhonor HealthTech to develop UAE’s first blockchain solution for patient-centric safety verification. The solution will be designed to enable users to create blockchain networks, deploy and run their use cases, using intuitive user interface (UI). The solution will reportedly support ethereum and Hyperledger Fabric v1.3 frameworks.