Tokyo-based SoftBank have partnered with US company, TBCASoft to launch a blockchain-based Identification & Authentication Working Group under the existing consortium of telecom carriers, the Carrier Blockchain Study Group (CBSG). The global CBSG wants to accelerate the adoption of blockchain technology within the telecoms world. The partnership was announced in a press release.
Major telecommunications firms have joined the CBSG, including US-based Sprint, Telefonica and one of Taiwan’s largest telecom operators, FarEasTone as well as companies from Vietnam and South Korea. TBCASoft and SoftBank are looking to collaborate with other telecom operators under the CBSG consortium for the initiative.
Moving Away From A Centralized Database
The release says that most identification systems are reliant on a centralized database that could easily be dominated by a minority group. Users of these services hand over personal information to the system providers on a number of internet databases. However, TCBASoft’s new foundation application framework, the Cross-Carrier Identification System (CCIS), uses zero-knowledge proof cryptography and distributed ledger technology that will enable users identification to be stored in a secure and private manner.
Implementation of CCIS will be handled by multiple independent CSBG carrier members “under a CCIS Cross-Carrier Consensus with carrier-grade reliability.”
Takeshi Fukuizumi, SoftBank Vice President said: “We envision that individuals should create encrypted digital identities, instead of using and storing multiple usernames and passwords on databases here and there with various qualities of privacy protection. We have been working with TBCASoft on solving identification and authentication problems, and have an answer with CCIS. We believe that telecom operators under the CBSG Consortium will play very important roles in the global identity business”.
Ling Wu, Founder and CEO of TBCASoft and Co-Chairman of the CBSG Consortium, said: “After the success of the Cross-Carrier-Payment System (CCPS), CCIS is another important foundation application framework that TBCASoft has been developing for CBSG Consortium members. CCIS is a global platform that protects individuals’ identities from fraudulent activities with telecom carrier-grade reliability. TBCASoft is committed to working with telecom carriers to provide comprehensive and cost-effective blockchain-based identification and transaction services to businesses and individuals around the globe.”
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