Blockchain Stakeholder Groups Form New Global Network Called Blockchain Governance Initi-ative Network
Blockchain stakeholders groups globally has formed a new global alliance network called Blockchain Governance Initiative Network (BGIN) to deepened common understanding and to collaborate to address issues they confront as they develop the blockchain community. iQSTEL Inc. (OTC: IQST), in separate blockchain news, has purchase a 75% controlling stake of itsBchain, a blockchain solutions provider. It plans to develop in-house telecom blockchain solutions based on blockchain and artificial intelligence (AI) technologies, for the carrier, corporate and retail markets.
Blockchain and 5G M&A is in the news daily. Media companies such as Stock Market Press are reporting on the fast growing blockchain 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 Stakeholder Groups Form New Global Network Called Blockchain Governance Initiative Network
The discussion to start the BGIN network began in 2019 at the G20. Members believe they can benefit from a central network alliance to address hacking, regulatory and other issues. They seek to design a new ecosphere and invite other blockchain stakeholders to join. BGIN seeks to develop a new neutral platform on which to talk with other blockchain stakeholders. They also wish to create ‘trustable’ documents as they build academic anchors. Members plan a Fall 2020 meeting for BGIN Block 101, reports said. Members include: the Max Planck Institute For Innovation, Stanford Center For Blockchain Research, Coinbase, Institute Of International Finance and Columbia Law School. Blockchain stakeholder groups form new global network called Blockchain Governance Initiative Network.
iQSTEL Inc. Buys 75% Stake Of itsBchain Blockchain Solutions Provider, Plans To Develop Telecom Blockchain Solutions For Carrier, Corporate And Retail Markets
Mr. Iglesias, CEO of iQSTEL (OTC: IQST), said, “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.”
He said that Mr. Miguel Scavo will serve as COO of itsBchain as well as the new CIO of iQSTEL Inc. (OTC: IQST). Scavo is a 20 veteran of the industry and has extensive experience in the telecom industry, particularly Latin America and global markets, the company said. Mr. Iglesias said that Scavo would enhance the synergy between the parent company’s portfolio of subsidiary companies. Blockchain stakeholder groups form new global network called Blockchain Governance Initiative Network.
QSTEL Inc. (OTC: IQST) Subsidiaries Expand Capabilities In Blockchain, 5G
M&A activity in blockchain and 5G is intensifying. iQSTEL Inc.’s (OTC: IQST) completion of its acquisition of itsBchain will be helping itsBchain and iQSTEL develop next-generation blockchain and artificial intelligence (AI) telecom solutions. itsBchain is confident it will have beta-ready payment processing solutions to offer its Tier-1 carrier clients for testing in the near future.
Mr. Iglesias has been invited for an interview March 25 at NASDAQ Marketsite in Times Square, New York, to discuss the company’s performance and its future plans. It is growing its capabilities with numerous subsidiaries. QSTEL Inc. (OTC: IQST) is one of the companies playing an important role in the establishment of 5G and blockchain technology networks in 2020 and beyond.
iQSTEL Inc.’s (OTC: IQST) Etelix Subsidiary’s Fiber Optic Network Capacity For 5G
It is growing its capabilities with numerous subsidiaries. In addition to itsBchain, iQSTEL Inc. (OTC: IQST) wholly owns Miami-based subsidiary, Etelix.com USA, LLC, an American-based 5G provider of Submarine Fiber Optic Network capacity for internet (4G and 5G). It owns 51% of SwissLink Carrier AG. SwissLink Carrier AG which provides international VoIP connectivity worldwide and more. It also owns 51% of QGlobal SMS LLC, a U.S.-based company which has international interconnection with Tier 1 SMS aggregators to more than 100 countries worldwide.Most recently it acquired itsBchain, a blockchain solutions provider.
The parent company, including its subsidiaries, reported 2019 sales of near $22 million, an 18.5% jump from the prior year. iQSTEL Inc. buys 75% of itsBchain blockchain solutions provider, plans to develop telecom blockchain solutions for carrier, corporate and retail markets. For January 2020, the parent company reported consolidated net sales of $1,844,258, representing a 32% jump in volume when its SwissLink sales are factored in. For subsidiary Etelix, January 2020 sales were $1,459,358, its highest January ever since its inception in 2007. Etelix performance showed a YOY 4% organic growth gain in January 2020. the company said.
Source: Stock Market Press
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