BUBBLETONE BLOCKCHAIN: SETTING A STANDARD IN THE TELECOM INDUSTRY

As usual, there is a paradigm shift in blockchain technology. Ever heard of blockchain technology in telecom? I guess not. Before that, why blockchain?
Everyday blockchain technology keeps breaking new grounds, solve issues and set new records. Its applications keep increasing every day with new and existing platforms embracing it.
Blockchain technology has found applications in areas such as Gaming platforms, Finance systems, Healthcare systems, Engineering etc, It's usefulness cannot be overemphasized, as it solves related issues in areas it is implemented, at the same time, maintaining its outstanding features.
Blockchain technology in telecom has solved many limitations in the telecom industry. For instance, individuals changing their SIM cards once they travel to a new country and host of other challenges.
In other to solve this challenges, a team of experts came up with a unique and wonderful project called BUBBLETONE BLOCKCHAIN.
Bubbletone blockchain is a telecom marketplace which makes it possible for all parties (such as mobile network operators, mobile phone users and service providers) to interact directly without the need of any third-party. This telecom marketplace is decentralized, with interaction between the parties achieved with the aid of smart contracts. Bubbletone blockchain also makes it possible for travellers to easily become local customers of any network operators in the country they are travelling to, without having to change their SIM cards thus retaining their phone number.

BUBBLETONE PROJECT

The project has two parts;

Bubbletone Blockchain: With the aid of smart contracts, costly roaming technology is removed, thus enhancing mobile operators interaction with users.
Tariff plans can be created by mobile operators in the form of smart contracts or offer. This created offer is visible to all operators and their subscribers. When an offer is selected, a new smart contract (request) is created which bears the digital identity of the subscriber together with a payment transaction.
Bubbletone Mobile Application: This offers a direct connection to a local operator with low rates and high LTE quality.
It has the following benefits;
a. It is a marketplace which globally connects subscribers and local network providers,
b. It is an outstanding messaging and lifestyle app, which can be customized to meet the operator's needs.

N/B: The app is already available on Playstore and App Store.

THE PROBLEM BUBBLETONE AIMS TO SOLVE

It is a well-known fact that international roaming is laced with unnecessary expenses both for telecoms and users around the world. A study has shown that to enter roaming market, inter-operator charges are now exceeding $20 million.
In addition, in developing countries, few telecom giants dominate the market, with the roaming prices very high.

SOLUTION OFFERED BY BUBBLETONE

All these issues are solved with Bubbletone blockchain, which enables users or travellers to easily connect to network providers of the country they are travelling to, without the need to change their SIM cards. Bubbletone blockchain removes hundreds of intermediaries, reduce the cost of roaming and thus saving years and millions of dollars being spent on outdated roaming technologies.

BUBBLETONE ECOSYSTEM

The ecosystem consists mainly of;

Travellers: These Individuals will have the opportunity to be connected directly to the network providers of the country they are travelling to, thus utilizing local rates for calls or data while retaining their SIM cards. To make it more amazing, they will be exposed to the next generation messenger built with amazing communication features.
Operators and Service Providers: With the aid of blockchain technology, operators will have the opportunity to go global without complex network integrations.
They are exposed to the following benefits:
a. They will have direct access to the global telecommunications market filled with millions of new users,
b. By offering good and outstanding value-added services, they increase their revenue.

BUBBLETONE TOKEN

Bubbletone token UMT (Universal Mobile Token) is an ERC20 token built on Ethereum blockchain. It is a utility token with the total supply of 1,000,000,000. It is used in smart contracts to execute transactions and can also be used to pay for telecom services.

TOKEN DETAILS

INFORMATION ON INITIAL COIN OFFERING (ICO)

CONCLUSION

Bubbletone aims to connect users and mobile network operators globally on its decentralized marketplace, made possible with the aid of blockchain technology.
With Bubbletone, users will be able to make calls and use data at a low rate while travelling without the need to change their SIM cards.
While operators will go global by direct access to the international telecom market.

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