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Blockchain in Telecom
Blockchain in Telecom is the first decentralized telecom ecosystem that allows mobile network operators, phone users and service providers to interact directly.“Blockchain in Telecom” ecosystem provides direct interaction between end-users, mobile operators and service-providers via smart contracts. It eliminates hundreds of intermediators, dramatically reduces costs of mobile services (up to 10 times while going abroad), and saves years and millions of $$ on implementation of the oldfashioned and ineffective roaming technology. How it works: any mobile carrier could publish its own prepaid tariff plans (“Offers”) as smart contracts. These Offers are visible to all other operators and their subscribers. By selecting an Offer, a new “Request” smart contract is created, with the Digital Identity of a subscriber and Payment transaction.

Potential of Bubbletone Blockchain with further development of eSIM technology

For embedded SIM users, the Bubbletone blockchain offers an ecosystem where new economic relationships can be made by connecting mobile devices to a speci�ic network. Each user will have the opportunity to choose a network operator and to switch to another operator including the MNP procedure without the involvement of operators and retailers. This approach reduces the costs of subscriber acquisition, starter kits production and logistics. As a result of this change, the operators can use new mechanisms to reduce the price of services for local rates, as compared to selling physical SIM-cards in retail stores. In the coming 3 to 5 years, the Bubbletone blockchain will be able to process over 30% of all connections to mobile networks worldwide. To implement this process, vendors of mobile devices will just have to connect to Bubbletone blockchain.

 Value for carriers, for subscribers and for crypto community

Bubbletone Blockchain will create a fair and transparent ecosystem for the telecom industry to substitute for current ineffective and costly roaming technology.
Bubbletone Blockchain should allow:
– Carriers – to cut costs and increase revenues,
– Subscribers – to gain access to local prices worldwide instead of high roaming charges and to earn bonuses for activities that can be spent on communication services and other services from  the participants of Bubbletone Blockchain,
– Crypto-Community – to enjoy rapid growth of income.

Technology and security

The platform they have chosen for their crowdsale is Ethereum. Smart contracts for tokens and crowdsales will be written in the Solidity language. The provisions outlined in this document will be guaranteed in smart contracts with cryptographic reliability. The collected Ether will be stored in a separate contract 1 that provides an automatic return of funds to investors in case of the ICO failure. Smart contract management and withdrawal of funds will both be protected by multiple signature. In crowdsale contracts, there will be a fallback mode (pause), which will automatically turn on if a leak of funds is detected, and can be activated by the owners in any unforeseen circumstances. This regime is designed to protect the collected funds and prevent the receipt of new funds in case of threats. Before the deploy to the Ethereum main network, the smart contracts code will be fully covered by unit
tests and tested in the test network. The contract code will be published on Github, and the bytecode will be verified in the Etherscan.io service. To confirm the safety of their smart contracts, they will engage third-party auditors, as well as hold an open bug bounty campaign with significant prizes.

 

If you want more information, visit the WEBSITE and read the WHITEPAPER.

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