Technology, Telecoms, Vendor

Nexign, Bubbletone partner to deliver blockchain solution for telcos

(L-R) Yuri Morozov, Bubbletone Blockchain for Telecom and  Loukas Tzitzis, Nexign
(L-R) Yuri Morozov, Bubbletone Blockchain for Telecom and Loukas Tzitzis, Nexign

The new blockchain platform creates a global marketplace where operators can publish and share product information as well as buy and resell as-is, or bundle, offerings from other operators.  

Nexign and Bubbletone have announced an exclusive partnership to develop a blockchain-based Business Support Systems (BSS) solution for the telecom sector. The two companies aim to create a global marketplace for telecom operators, giving them the ability to collaborate with each other and consequently offer individually determined volumes and qualities of services to end-users.

By facilitating seamless and secure exchange of financial and identity information between mobile network operators, phone users and service providers, the solution will enable roaming users to instantly purchase service packages, at local operator rates, using their existing SIM card. As a consequence, operators will benefit from BSS with embedded blockchain, enabling them to increase the efficiency of their business through rapid and seamless joining of the Bubbletone platform. Once operators join the platform, they will be able to expand their customer bases and increase revenue, without any additional costs, through distribution of digital value-added services.

“The idea behind this project is to attract as many mobile operators as possible to the Bubbletone ecosystem and show them how easily they can take full advantage of blockchain technology and get direct access to the international telecom market in the digital economy era. Thanks to our exclusive partnership with Nexign, we will be able to provide mobile operators with a complex solution―for smooth incorporation into our blockchain-based platform—that doesn’t require any hardware customisation or advanced integration processes,” said Yuri Morozov, CEO and founder of Bubbletone Blockchain for Telecom.

With full support for e-SIM, IoT Apps tokens and any ASP/OTT subscriptions, operators can now offer their own authentication service, publish their own tokens and sequences and sell direct to partners without any need for intermediaries through the blockchain-based platform. The blockchain network acts as a clearing house, checking all partial charge/volume transactions and mitigating any settlement risks before the billing period ends.

“Blockchain technology has the potential to open up a range of new and exciting opportunities for operators around the world and we are confident that the exclusive collaboration between Nexign and Bubbletone will result in an industry-leading blockchain-based BSS solution that will deliver business value seamlessly on a global scale,” said Loukas Tzitzis, chief products and marketing officer, Nexign.

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