Share this article
Sprint and SoftBank Back New Blockchain Consortium for Telecoms
A group of telecom carriers including Sprint have formed a new blockchain consortium.
By Nikhilesh De
Updated Sep 13, 2021, 6:54 a.m. Published Sep 8, 2017, 4:15 p.m.
A group of telecommunications carriers has launched a new blockchain consortium.
Some of the notable firms involved include US-based carrier Sprint, Japanese telecom giant SoftBank, and FarEasTone, one of Taiwan's largest.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The effort, dubbed the Carrier Blockchain Study Group, seems to have grown out of a collaboration announced between the companies in February. At the time, Sprint and others revealed that they were testing a platform, developed by blockchain startup TBCASoft, aimed at improving communications between carriers. The consortium will officially be unveiled during the Mobile World Congress Americas on September 12.
So far, the consortium has already successfully tested mobile payment systems and recharging prepaid phones across different carriers using the platform. In the future, the group will roll out applications for connected computing, personal authentication, and and debt resolution.
Doug Garland, Sprint's VP for innovation and partnerships, said in a statement:
"CBSG is leading the telecommunication industry’s understanding and development of blockchain technology. The disruptive potential of blockchain on a global scale will be fully realized when carriers work together and leverage the new platform and ecosystem."
The firms involved expressed hope that the consortium will attract other carriers. The consortium, according to the announcement, will act as a hub "for telecom carrier members to resolve issues related to technology, business and the regulations of various jurisdiction."
Tech miniature image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
ICP Rises, Keeping Price Above Key Support Levels
Internet Computer rose, keeping the price above the $3.40 support zone, with early session volume spikes failing to produce a sustained breakout.
What to know:
- ICP rose 0.6% to $3.44 as early session volume surged 31% above average before fading.
- Resistance near $3.52–$3.55 rejected multiple breakout attempts, keeping the token range-bound.
- Support between $3.36–$3.40 held firm, maintaining ICP’s short-term higher-low structure.
Top Stories
