According to the Japan SoftBank’ announcement, the study group will join new members United Arab Emirates' telecom Etisalat, Spain's Telefonica and Philippine's PLDT. Also, two companies from South Korea, KT Corporation and LG Uplus, a subsidiary of LG will join the group too.
The Carrier Blockchain Study Group was established last year in September in order to research and develop an international cross-carrier blockchain platform.
By establishing blockchain between carriers, we can provide differentiated services by securing transparency, security and real-time transactions.
Vice president of LG Uplus
According to the release, the group of companies promotes its recent success in demonstrating a cross-carrier blockchain payment system to initiate phone bill top-ups, as well as mobile wallet roaming and remittances.
In future, CBSG plans to trial a blockchain platform to power mobile wallet roaming among Japanese and Taiwanese travelers in 2018.