28m | Natalie Bannerman
Business Telecommunications Services (BTS) is set to join the GLF’s Communications Blockhain Network (CBN).
Launched at ITW 2019, the CBN was developed with the aim of developing a blockchain-based platform, which will revolutionise the commercial settlement infrastructure for the ICT service provider industry.
At the time of the announcement, it was confirmed that the CBN will be governed by a collaborative structure. Several carriers have already agreed to support the establishment of the platform, with A1 Telekom Austria, China Telecom Global, Colt Technology Services, Deutsche Telekom Global Carrier, IDT, Orange, PCCW Global, Tata Communications, Telefonica, Telstra and TNZI, to name a few.
“We strongly believe this disruptive technology will enable us to develop a carrier exchange community that will minimise the intrinsic inefficiencies embedded in our business today,” said Ricardo Olloqui (pictured), president and founder of BTS. “We’re very happy to be a part of the CBN ecosystem and look forward to collaborating with other members to further this technology.”
By collaborating with the GLF on this initiative and joining the CBN, BTS believes that this project will improve the customer experience as the community resources will help to deliver more ‘profound’ testing of DLT-based software systems to our clients.
“We are delighted that BTS has joined the CBN. BTS is a highly innovative company, and they have been very successful in utilising technology to drive growth in a complex market,” added Jussi Makela, director of GLF. “Their contribution to the collaborative development of this new automated ecosystem will be invaluable as we transform the connectivity industry to be more efficient and more interoperable.”
The company added that the initiative will also add a number of benefits for its customers by transforming the inter-ICT service provider settlement processes leveraging automation and increasing security.