iQSTEL Inc. And Subsidiary itsBchain Announce The Next Development Phase Of Mobile Number Portability Application (MNPA) App Is Underway
iQSTEL Inc. (OTC: IQST) and its 75% owned itsBchain subsidiary today (April 22, 2020) announce the next phase of development for its Mobile Number Portability App (MNPA). The blockchain-driven mobile number portability and administration platform software has been installed by itsBchain on 5 blockchain nodes. Currently, the company is running an Artificial Intelligence (AI) system developed by itsBchain human behavior simulations 24 hours a day, 7 days a week, ahead of the Beta release to several Tier-1 (Vodafone, Telefonica, Millicom, etc.) and other telco clients.
Blockchain technology 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) 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.
iQSTEL Inc. And Subsidiary itsBchain Announce The Next Development Phase Of Mobile Number Portability Application (MNPA) App Is Underway
The MNPA app software simplifies and shortens the process for smartphone owners who want to switch carrier while maintaining the same number, from days or weeks to a porting time of only a few minutes. Changing carriers while maintaining the same number now is processed via an archaic ‘days to weeks’ 2-party verification system. The itsBchain’s MNPA app allows for near instant number portability by the client. The transaction no longer requires the telcos to initiate the transfer. iQSTEL Inc. (OTC: IQST) and subsidiary itsBchain announce the next phase of Mobile Number Portability Application (MNPA) App Is Underway.
iQSTEL Inc. (OTC: IQST) And Subsidiary itsBchain Uses Internally Developed AI ‘Human Behavior’ Code
Mr. Iglesias, CEO of iQSTEL Inc. (OTC: IQST), said, “itsBchain programmers have seen fantastic results from the ongoing testing feedback. This is a ‘full on’ stress test of the complete system using internally developed AI ‘human behavior’ code. Due to Latin America’s accelerated mobile market growth rate, itsBchain is using the Columbian Mobile Telecommunications market as the initial AI systems market simulation.”
The new phase is significant because the SmartPhone market is so large. According to research firm Statista, the global SmartPhone user base surpassed the 3 billion mark in February of this year with over 500 mobile network operators, according to Telecoms Networks. iQSTEL Inc. (OTC: IQST) plans to offer the platform to its customers, the largest mobile operators globally, such as Vodafone, Telefonica, Millicom and others. iQSTEL Inc. (OTC: IQST) and subsidiary itsBchain announce the next phase of Mobile Number Portability Application (MNPA) App Is Underway.
The MNPA software platform from iQSTEL Inc. (OTC: IQST) and subsidiary itsBchain Offers Transparency, Security
The MNPA software platform from iQSTEL Inc. (OTC: IQST) and subsidiary itsBchain also offers transparency and security to this transaction, using a combination of mobile applications and blockchain technology. Using the iQSTEL Inc. (OTC: IQST) and subsidiary itsBchain pre-Beta test platform, SmartPhone users can switch carriers and maintain the same number. All this porting is done in a transparent and secure manner in just a matter of minutes. In just three clicks, it enables the porting in just minutes. Prior, the user had to use an ‘archaic’ system taking days or weeks employing a two-party verification system.
Smartphones Seen Reaching 40% Of The World’s Population By 2021
iQSTEL Inc. (OTC: IQST) and subsidiary itsBchain are developing the MNPA app software in an extremely large market, forecast to reach 40% of the global population by 2021, according to projections by research firm Statista.
iQSTEL Inc. (OTC: IQST) and subsidiary itsBchain Planning On Multiple Platforms In The Future
Mr. Iglesias, CEO of iQSTEL Inc., (OTC: IQST) said, “We are very pleased with the rapid development and completion of the Alpha-testing phase. Our intimate knowledge of the industry, along with extensive client and consumer discussions, brought about this highly in-demand platform. The blockchain-based platform is just the first of multiple platforms itsBchain and iQSTEL are working on to bring the telecommunications market into the 21st Century. We plan to offer this mobile application and blockchain platform to our current customers, the largest mobile operators in the world, such as Vodafone, Telefonica, Millicom, among others.”
iQSTEL Inc. (OTC: IQST) Adds Telecommunications Subsidiaries
iQSTEL Inc. recently purchased a 75% of itsBchain LLC, a blockchain technology solutions provider. It plans to develop telecom blockchain solutions for the carrier, corporate and retail markets. When iQSTEL Inc. (OTC: IQST) completed its purchase of the 75% stake of itsBchain, Mr. Iglesias, CEO of iQSTEL, 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, he said.
In addition to its 75% stake in subsidiary itsBchain LLC, 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 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. And last week it acquired 51% of an Austin, Texas-based SMS U.S.-Mexico service provider. That transaction raised iQSTEL’s annual volume by $29 million — now the iQSTEL’s total annual sales surpass $50+ million a year.
