Blockchain Disrupting More Industries, Plays Role In Supply Chain Logistics Program With GoodYear Tire & Rubber Co.
Blockchain is disrupting more industries and playing a role in a pilot supply chain program with GoodYear Tire & Rubber Co, The significance for blockchain is that the supply chain program involves digital transactions, smart contracts and computer transactions with a Global Tires Program that has as its end user the U.S. government and U.S. Armed Forces. It is a precursor to blockchain telecommunications internationally.
Blockchain is in the news daily. Media companies such as Stock Market Press are reporting on the fast growing blockchain and 5G telecommunications market. It keeps readers up to date on 5G company stocks such as iQSTEL Inc. (OTC: IQST), Motorola Solutions, Inc. (NYSE: MSI), China Mobile Limited (NYSE: CHL),Verizon (NYSE: VZ), AT&T Inc. (NYSE: T), T-Mobile US (NASDAQ: TMUS), Sprint (NYSE: S) and Ericsson (NASDAQ: ERIC), HIVE Blockchain Technologies Ltd. ( (OTC: HVBTF) and Long Blockchain Corp. (OTC: LBCC) in 5G and blockchain networks. Also covered are trends by semiconductor manufacturers Qualcomm (NASDAQ: QCOM), Qorvo (NASDAQ: QRVO) and Skyworks Solutions (NASDAQ: SWKS), among others.
Blockchain Disrupting More Industries, Plays Role In Supply Chain Logistics Program With GoodYear Tire & Rubber Co.
The pilot program with GoodYear by Science Applications International Corp. (SAIC) s designed to provide “mission-critical, sensitive data,” according to SAIC. The goal is to deliver needed product accurately and on time. It is also intended to let buyers analyze the progress of supply chain activity, enabling them to make informed buying decisions. Blockchain disrupting more industries, plays role in supply chain logistics program with GoodYear Tire & Rubber Co.
Important Blockchain Program Leading To Telecommunications Progress?
Blockchain is a technology that is introducing transparent ‘smart contracts’ in the legal profession and aiding in mass merchant logistics as well as playing a role in the shipment of GoodYear tires to the military worldwide. Blockchain disrupting more industries, plays role in supply chain logistics program with GoodYear Tire & Rubber Co.
Blockchain: The Telecommunications Connection And Payment Processing
iQSTEL Inc. (OTC: IQST) recently purchased a 75% stake of itsBchain, a blockchain solutions provider. In turn, itsBchain announced afterward that it has completed its blockchain-based payment solution software blueprint which can shorten the receivables timeframe from 35-40 days currently to as little as one day. The blueprint is for Voice, SMS and Data Wholesale Carrier Settlement and Payment Platform for Tier 1 Carrier Interconnects such as Telefonica and Deutsche Telecom. Blockchain can disrupt the global payments processing industry and also mitigate fraud in those transactions.
In a statement, iQSTEL Inc. (OTC: IQST) said, “Blockchain technology is turning the payment processing world upside down. Rapid processing with fraud mitigation all in one forensic friendly system will drive the Telecom market out of the dark ages into the 21st century.” The software blueprint is for its blockchain-based Voice, SMS and Data Wholesale Carrier Settlement and Payment Platform.
Beta Testing Anticipated As Early As Q3
Mr. Iglesias, CEO of iQSTEL Inc. (OTC: IQST), said, “The demand for an efficient Tier-1 payment system is felt across the telecom industry as a whole. Currently, receivables time frames are 35-40 days. Our vision in istBchain is to be the first blockchain solution for this market, dramatically reducing the receivables time frame to as little as a day.”
He added that he anticipated early Q3 delivery for beta testing the payment solutions platform with some of the company’s largest carrier clients, such as Telefonica (Spain and Latin America), Millicom (Tigo brand for Latin America), Telecom Italia and Deutsche Telecom.
The Payment System Is Designed To Bring Transparency, Efficiency And Increased Profits
Another important element of this blockchain-based payment solution software blueprint is fraud prevention. Mr. Iglesias said, “Today, the carrier interconnection market is worth hundreds of billions of dollars per year and our system will bring transparency, efficiency and increased profits to the carriers.”
Mr. Iglesias said acquired itsBchain is uniquely position to develop telecom applications based on smart contracts and blockchain technologies. Mobile number portability and carrier wholesale VoIP, SMS and Data payment solutions are just two of the projects itsBchain has under development. We believe the synergy between our subsidiaries, as well as our existing clientele, will greatly benefit from this new acquisition.”
QSTEL Inc. (OTC: IQST) Subsidiaries In Telecommunications
In addition to itsBchain, QSTEL Inc. (OTC: IQST) wholly owns subsidiary, Etelix, an American based 5G provider of Submarine Fiber Optic Network capacity for internet (4G and 5G). It also holds 51% of SwissLink Carrier AG. SwissLink Carrier AG which provides international VoIP connectivity worldwide and more.
Source: Stock Market Press
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