Japan-based SoftBank Corp., U.S.-based Sprint Corporation, and U.S.-based TBCASoft, Inc. today stated the aim for a technology cooperation jointly developing blockchain technology for telecommunication carriers.

TBCASoft is a startup company developing consortium-based blockchain technology, specifically for telecommunication carriers. SoftBank, Sprint and TBCASoft will be promoting research and development with the purpose of building a cross-carrier blockchain platform for various services. Among those, are such services as secured clearing and settlement, personal authentication, IoT applications, and other services provided by telecommunication carriers.

Starting from June 2017, the three companies will aim to commence a technical trial that connects TBCASoft’s blockchain platform to telecommunication carriers’ systems. The three business organizations will collaborate closely on issues related to technology, business, and the regulations of various jurisdictions.