Softbank Corp Partners Firms on Blockchain P2P mobile payment PoC

SoftBank Biggest Shareholder in Uber Tests Blockchain Payment Service with TBCASoft and RCS

Commenting on the innovative payment service app, the vice president of Softbank Corp "Takeshi Fukuizumi" said that the app would empower the merchants to transact in digital money in a way similar to the one that has for always been enjoyed by the big brands.

TBCASoft and SoftBank have become partners under the Carrier Blockchain Study Group while email, SMS and RCS covering Synchronos' platform launched earlier this year. He believes that the success of the cross-carrier payment PoC can help Communication Service Providers (CSPs) use common standards like RCS to deliver "disruptive" services to their customers.

Japan-based tech company SoftBank announced the development of a new blockchain-powered cross-carrier mobile payment service in a press release published on the company's website on September 12.

SoftBank Corp is a Japanese telecom carrier firm.

Softbank explains that using a distributed network, users can send funds stored in their digital wallets in the RCS system from one carrier to another in a fashion similar to peer-to-peer transactions, a useful feature to have, especially when traveling. The CCPS blockchain API allows the user to apply an RCS-based messaging app or legacy messaging service such as email or SMS to receive money transfers through via the RCS wallet app.

Hurricane Helene has Britain in its sights
Power services could be impacted, with other services like mobile phone coverage also potentially affected. Some roads and bridges may close.

Meanwhile, Sychronoss' CEO was optimistic that RCS messaging will be the new backbone of the marketplace for merchants and brands. Leveraging the innovative technologies of other SoftBank Group companies, SoftBank Corp.is also expanding into AI, smart robotics, IoT, FinTech, cloud security and other business sectors.

Rich Communication Services (RCS) is a communication protocol between multiple mobile carriers and between the phone and carrier. To learn more, please visit www.SoftBank.jp/en/corp/group/sbm/.

Synchronoss President and CEO Glenn Lurie said the proof-of-concept demonstrated technology that was poised to disrupt the messaging and payments markets. Synchronoss' secure, scalable and groundbreaking new technologies, trusted partnerships and talented people change the way TMT customers grow their businesses. Its consortium-based blockchain platform enables telecommunication carriers to create innovative services for their subscribers under a more secure, robust, and efficient environment.

A year ago, SoftBank formed a global consortium called the Carrier Blockchain Study Group (CBSG) with TBCASoft and several global major carriers like USA -based carrier Sprint and Taiwan-based FarEasTone. TBCASoft is located in Sunnyvale, California, the center of Silicon Valley.

Related News:

  • Scientist declares ailing orca dead

    Balcomb said he has a boat out looking for her and would join in the search later in the day to make an official announcement. If J50 is dead, it's the second major loss for her pod this summer.
    Hurricane Florence: Four reasons to fear this storm

    Hurricane Florence: Four reasons to fear this storm

    It's not all for show, either. "The larger and the slower the storm is, the greater the threat and the impact-and we have that". On Friday, the storm's center will hug the coast of southeast North Carolina, where the most severe effects are expected.
    Secure Says Almost All Computers Are Vulnerable to New Cold Boot Attack

    Secure Says Almost All Computers Are Vulnerable to New Cold Boot Attack

    One of these protections was that computers would overwrite the contents of the RAM when power was restored after a cold boot. Encryption keys and other sensitive information can then be stolen from memory and full access gained to the system.
  • Hurricane Florence has weakened but will still be devastating

    Hurricane Florence has weakened but will still be devastating

    Officials said some 1.7 million people in the Carolinas and Virginia were warned to evacuate, but it's unclear how many did. This may be worse than what we've seen before", Assistant Fire Chief Joey Roberts said during a press conference Wednesday.
    Paul Manafort expected to plead guilty, avoid second trial

    Paul Manafort expected to plead guilty, avoid second trial

    The discovery of his witness contacts led to a superseding indictment in June and Manafort's jailing ahead of his trial. It's also unclear how any deal would affect Manafort's pursuit of an eventual pardon from Trump.
    Marin Mazzie Dead - Broadway Star Dies at 57 | Marin Mazzie, RIP

    Marin Mazzie Dead - Broadway Star Dies at 57 | Marin Mazzie, RIP

    They had planned to unveil a new show, Heart to Heart , in NY this past June, but were forced to cancel due to Mazzie's health. "The divine and courageous Marin Mazzie was #TonyAwards-nominated for PASSION , RAGTIME , and KISS ME, KATE ".
  • Dua Lipa fans waving rainbow flags dragged from Shanghai concert

    Dua Lipa fans waving rainbow flags dragged from Shanghai concert

    She added: "I would love to come back for my fans when the time is right and hopefully see a room full of rainbows". Today Dua Lipa issued an official statement on social media, writing that she was "horrified" by what occurred.
    Chelsea's Matt Miazga Mocks Height Of Mexico's Diego Lainez

    Chelsea's Matt Miazga Mocks Height Of Mexico's Diego Lainez

    The 23-year-old Chelsea star is 6ft 4ins, with the 18-year-old Club América winger coming in at 5ft 6ins. After that, with Mexico playing with ten men, the United States pounced with a goal from Tyler Adams .
    Jeff Bezos is donating money to fix a problem his company perpetuates

    Jeff Bezos is donating money to fix a problem his company perpetuates

    Amazon's CEO Jeff Bezos is launching a $2 billion fund to help homeless families and build preschools in low-income communities. Michael Bloomberg, the owner of Bloomberg LP, parent of Bloomberg News, also is a signatory.
  • Hurricane Florence drenches North Carolina

    Hurricane Florence drenches North Carolina

    A hurricane warning is in effect for South Santee River, SC, north to Duck, NC, and the Albemarle and Pamlico Sounds. High winds and storm surge from Hurricane Florence hits Swansboro N.C., September 14, 2018.
    Trump cancels planned November visit to Ireland - International

    Trump cancels planned November visit to Ireland - International

    Trump had been scheduled to stop in Ireland on his way back from commemorations of Armistice Day in France on November 11. Brendan Howlin, leader of the Labour Party in the Republic, said Mr Trump was "no friend of democracy or human rights".
    Things To Know About The Killing of Botham Jean

    Things To Know About The Killing of Botham Jean

    Jean's mother has said he was only a teenager when he presented a plan to evangelize his home country of St. Guyger drew her firearm, "gave verbal commands that were ignored by (Jean)", and then she fired two shots.


Most liked

Fewer Americans Say Donald Trump is Intelligent Than Ever Before
Trump's overall approval rating was the lowest in the polls by CNN, ABC News/Washington Post, and IBD/TIPP at 36 percent. According to Vox, only one poll conducted by Rasmussen gave the president an approval rating above 45 percent.

World Health Organization agency: Over 58000 new cancer cases expected this year
IARC rated lung cancer to be the deadliest of all type of cancers, while breast cancer amount for more deaths in case of women. By comparison, IARC reported that in 2012 there were 14.1 million new cancer cases and 8.2 million cancer deaths worldwide.

Donald Trump: China 'Under Pressure' to Make a Deal with United States
China accuses the United States of launching "the largest trade war in economic history" and has retaliated in kind. That shows "neither side is 'winning, '" because "both are equally prone to losing companies", the chamber said.

Who’s going to die on ‘Modern Family’?
It's unclear whether season 10 will be the show's final season, but Lloyd hopes to continue the award-winning series. Modern Family has retained its core cast of characters throughout its first nine seasons.

Gordon Hayward Playing Full-Contact 5-On-5
Now, however, he said he has been playing full-court, 5-on-5 games for two weeks with "pretty much no restrictions". Yes, this was a big press conference, essentially a second welcome for All-Star wing Gordon Hayward.

Trump Administration Transferred $9.8 Million From FEMA To ICE
Homeland Security press secretary Tyler Houlton also stated that DHS did not shift disaster relief funding away from FEMA . Money was also taken from other agencies, including millions from the Transportation Security Administration and the U.S.

Apple ditches free headphone adapter with new iPhones
At $750 in the U.S. (around R11,000 - but the official South African price has not yet been released), the XR isn't exactly cheap. They hit stores on September 21, 2018 with the iPhone XS priced at $999 (£999) and the XS Max a whopping $1,099 (£1,099).

Tropical Storm Isaac expected to regain hurricane strength
No coastal watches or warnings are in effect, and the NHC forecast track shows the storm heading west towards Central America. Isaac weakened into a tropical storm Monday and by Tuesday recorded maximum sustained winds of 70 miles per hour .

Jane Doe Victim of 'The Predator' Sex Offender Speaks Out
A Fox spokesman told The Washington Post last week that the studio had not been aware of Striegel's background when he was hired. Several of her co-stars have since released public statements in support of the actress. "I'm very sorry to anybody".

Apple 2018 Event Recap: iPhone Xs, Xs Max, Xr, Apple Watch
Luckily, if you owned a previous iPhone that came with a wired dongle, you can still use that with the new Apple handsets. Release date: The iPhone XR will be available in three different variants - 64GB, 128GB and 256GB.

Space Station astronaut captures mammoth Hurricane Florence from directly above
The outer bands of Hurricane Florence began battering the coast of North and South Carolina Thursday with strong winds and rain. She said the water in some areas had topped mailboxes, and in low-lying places filled the first and second floors of homes.

Paul Manafort reaches ‘tentative’ plea deal with Robert Mueller
Word of the agreement comes as Manafort's second trial was slated to begin later this month in federal court in Washington , D.C. Another trial was to begin later this month based on charges filed against Manafort a year ago in Washington , DC.

Everton ace Richarlison asked whether he would join Real Madrid
Tite insisted the match showed positive signs despite El Salvador's lowly footballing status, "The idea of football remains unchanged, independent of the opponent".

Stone in South African cave boasts oldest-known human drawing
He told Reuters that while the team would be " hesitant to call it art ", it nearly definitely had "some meaning to the maker". An abstract drawing from the 73,000-year-old levels at Blombos Cave, South Africa .

5-inch OLED iPhone XS will reportedly drop "Plus" name
Further, there are speculations that a dual-SIM variant of the 6.1-inch model will be exclusive for markets like China and India. The generic iPhone Xs will be the true successor of the iPhone X (2017) and will retain 5.8-inch AMOLED screen size.