Telecoms Blockchain Group Promotes Demo Success

Multinational telecoms companies have joined the Carrier Blockchain Study Group (CBSG) to apply blockchain technology to the industry
23 February 2018   721

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.

Wonseok Cho

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.

OKEx to Launch OKChain Based Decetralized Exchange

Great role in the upcoming exchange will be played by OKB coin, which will be trasfered to OKChain as soon as its development finished
22 March 2019   79

OKEx cryptocurrency exchange will launch a decentralized trading platform on its own blockchain.

Currently, the OKChain blockchain is in the final stages of development, and its test network may be launched as early as June 2019. When the OKEx blockchain becomes stable enough, it will transfer OKB to it, which will then perform the function of the native OKChain token and be used to pay commissions, as well as in its own decentralized network applications.

The primary purpose of OKChain is to launch the OKDEx decentralized exchange, where the OKB token will be used to participate in presales. In addition, project teams will use OKB tokens to pay the service fee to the super nodes of the network.

While the total volume of OKB emissions is 1 billion, 300 million tokens are in circulation today, and 700 million remain blocked. Of this number, 300 million OKB will be distributed to users through the loyalty program, and 400 million belong to the OK Blockchain Foundation and the exchange team. However, for a more efficient formation of the OKB ecosystem, the blocking period of these 700 million tokens will be extended from 2020 to 2022, writes OKEx.

In addition, OKB will be the only token to be accepted during the initial exchange offerings (IEO) on the OK Jumpstart platform, announced earlier this month. According to the company, it is currently negotiating with various projects and will soon announce the launch of the first IEO on OK Jumpstart, for which investors will be admitted who have passed personal verification and have OKB tokens in their accounts.