KT Corporation and China Mobile Partners
KT Corporation and China Mobile Partners On Blockchain and 5G Roaming
December 6, 2019
KT Corporation and China Mobile Partners
KT Corporation and China Mobile Partners On Blockchain and 5G Roaming
December 6, 2019

KT Corporation, South Korea’s largest telecom provider is partnering with China Mobile targeting blockchain technology and 5G roaming.

On Dec. 5, The Korea Herald reported that KT Corporation is ramping up to debut 5G roaming capabilities in China later this month. 

The companies are working on that would allow them to save time and costs when computing roaming charges for mobile users. 

The report notes that the B.Link system is able to “self-analyze roaming data from the two carriers and can process roaming charges on a real-time basis.”

Prior to the announcement around six months ago, KT revealed that it had built a blockchain network of its own. The Network Blockchain features roaming, along with user identification.

That announcement, in turn, followed KT’s BaaS (Blockchain-as-a-Service), which aims to ease access to the technology for South Korean firms.

Both The Countries Enthusiastic on Blockchain

Recently, it was announced that The National Assembly of South Korea is progressing a bill that would provide a legal basis for cryptocurrencies in the country. The bill would categorize virtual currencies as digital assets while intending to bring regulatory clarity and transparency to crypto markets in South Korea.

ALSO READ :  Kakao’s Coming Crypto Wallet ‘Klay’ Will Support Blockchain Apps

China recently outpaced other countries including the United States in blockchain technology measured by patent applications. Chinese companies submitted around 7,600 applications between 2009 and 2018 — about three times as many as U.S.-based companies.

The CEO of South Korean internet giant KakaoYeo Min-soo is quite enthusiastic about Klaytn blockchain’s similarity to Facebook’s Libra although saying it is a way ahead in its development.


Source: The Korea Herald | Cointelegraph | Image: Payments Journal


Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Jafrin Ahmed

Crypto newbie passionate about creating resourceful content on blockchain technology, cryptocurrencies and decentralized apps.
Share This

Share This

Share this post with your friends!