Turkcell, Turkey’s leading mobile phone operator, has joined the Carrier Blockchain Study Group consortium. The telecoms firm adds to an impressive multinational list of members, including SoftBank (JAPAN), Etisalat Group (UAE), Telefonica (Spain), PLDT Inc (Philippines), KT Corporation (South Korea) and LG Uplus Corp (South Korea).
Kaan Terzioglu, the CEO of Turkcell, said in a statement:
Due to blockchain technology, which gives the chance to transfer valuable digital assets via mobile networks safely, the digital economy will grow fast and next-generation services will emerge.
Turkcell’s inclusion in the consortium, along with Axiata, PLDT, Telin, Viettel and Zain, has seen Carrier Blockchain Study Group’s (CBSG) membership increase to 12. It is thought that CBSG is now the world’s fastest-growing blockchain consortium. Within the telecoms industry, CBSG is looking to offer secured global digital payments, clearings and settlements, personal authentication and a range of IoT applications, all brought about by a collaborative, international blockchain. The range, global spread and reach of the consortium is enormous in itself, with founder SoftBank boasting a revenue of $81 billion USD.
And Turkcell can add over $2 billion to that total figure themselves, as well as a worldwide customer base that has been established over nearly 25 years of operation.