BRIDGEWATER, NJ – Synchronoss Technologies, Inc. (NASDAQ: SNCR), global leader and innovator of cloud, messaging, digital products and IoT and TBCASoft, Inc., an innovator of cross-carrier blockchain platform technology, today announced that they are collaborating to redefine telecommunications operators with blockchain.
In addition, Ling Wu, founder and CEO of TBCASoft, and Glenn Lurie, Synchronoss President and CEO, will discuss "The Blockchain: Redefining Telec Operators" at the Consumer Electronic Show on January 8th at 5:00 pm. PT. To take part in the discussion at the Synchronoss booth in the Chairman & # 39; s Salon at the Wynn Hotel in Las Vegas, see the details here.
Last year, Synchronoss and TBCASoft successfully completed a concept-proof payment service designed to allow users to make a series of in-store, mobile and digital purchases directly from their devices using the secure communication platform multi-channel Synchronoss. The Synchronoss platform provides payments via SMS, e-mail and advanced communication services (RCS) using TBCASoft's cross-carrier blockchain payment platform.
TBCASoft is also the head of the Carrier Blockchain Study Group (CBSG), a global consortium of telecommunications operators, which is gaining momentum because of its unique vision and the cross-carrier blockchain platform that does not rely on cryptocurrencies. The Cross-Carrier Payment Service (CCPS) foundation application framework facilitates global mobile payment services between CBSG carriers. Synchronoss, a provider of core applications, plans to use distribution accounting technology to remove brokers that are typically found in other payment ecosystems to create improved services.
"Key players recognize the value of a consortium-based blockchain, and technology is becoming an innovative means of enabling carriers to deliver differentiated services by ensuring transparency, security and real-time transactions with the benefits of blockchain," said Ling Wu. "While the carrier community is moving towards a digital future to offer its customers superior experiences, blockchain will be at the center of this evolution.We are very excited about the collaboration with Synchronoss and its clear experience in providing innovative digital solutions that, with blockchain, will help carriers achieve their goals ".
Synchronoss president and CEO Glenn Lurie said, "Our successful proof of concept demonstrates how this new technology at the cutting edge, as well as the new RCS-based mobile services, disrupt the current market for messaging and payments to create new opportunities for customers, brands and carriers globally To be able to work with the rapidly growing CBSG Consortium allows us to leverage our experience and our global reach across multiple digital platforms. future for the huge volume and complexity of transaction processing that requires security and transparency, and Synchronoss is in a good position to secure this future. "
About Synchronoss Technologies, Inc.
Synchronoss (NASDAQ: SNCR) transforms the way companies create new revenue, reduce costs and satisfy their subscribers with cloud, messaging, digital products and IoTs and platforms that support hundreds of millions of subscribers worldwide. Secure, scalable and revolutionary new Synchronoss technologies, trusted partnerships and talented people change the way TMT customers develop their businesses. For more information, visit www.synchronoss.com.
About TBCASoft, Inc.
TBCASoft is a US-based company that develops innovative blockchain technology specifically for telecommunications companies. Its consortium-based blockchain platform enables telecommunications companies to create innovative services for their subscribers in a more secure, robust and efficient environment. TBCASoft is located in Sunnyvale, California, in the center of Silicon Valley. For more information, visit TBCASoft at www.tbcasoft.com.
Brian Denyeau, +1 646-277-1251
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