GLOBAL TELECOM ECOSYSTEM WITHOUT INTERMEDIARIES: SMART CONTRACTS ALLOW DIRECT INTERACTION BETWEEN MOBILE OPERATORS, SUBSCRIBERS AND SERVICE PROVIDERS
“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.
- Transactions are incontestable. Operations conducted in blockchain are nearly impossible to fake or hide. This factor is important both for operators and their clients.
- Data are safe. An entire blockchain is kept on many nodes within the network, in many copies, so the chance of data loss is extremely low.
- The transaction error rate is minimized, as each action is controlled by a strict code on the operators’ nodes.
- Less traffic is transmitted among operators — all interactions are now conducted via a decentralized p2p network.
- Any additional code the system runs on is void of sensitive information that could be stolen. The only data requiring protection are the private keys of the participants. • Other benefits of a specific blockchain are given below.
Potential of Bubbletone Blockchain
Mobile device manufacturers have been increasingly producing equipment that only works with embedded SIM. Latest examples are Apple Watch Series 3, Gear S2 Classic 3G and others. Growing is the number of smartphones that have embedded SIM as the main connectivity component or are equipped with it along with the traditional SIM-cards.
Smart Insights forecasts the sales of eSIM- enabled handsets would total 346 million to 864 million units by 2020. In the near future 100% of devices will be eSIMenabled. In the IoT segment the pace of eSIM adoption is even higher. For embedded SIM users, the Bubbletone blockchain offers an ecosystem where new economic relationships can be made by connecting mobile devices to a specific 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.
How it works?
By selecting an Offer, a new “Request” smart contract is created, with the Digital Identity of a subscriber and Payment transaction in SDR tokens. Each transaction has UMT to be processed by Super Nodes. As a result, the Offer issuer identifies the user and receives money, and starts servicing the subscriber directly, with local price and high quality.
The same business process is available for any non-telecom service provider (like music, TV or cloud services) who is interested in distributing its own Offers among multimillion customer bases of mobile operators. The process of creating and executing of smart contracts is seamless for customers and takes about a minute.
Direct connection to a local operator provides low rates and high LTE quality, with easy management using Bubbletone mobile app. We’re planning to issue Global Mobile Profile in 2019 to make mobile devices connected. This profile will be embedded into devices by vendors, so any end-user will be able to select required mobile provider at home and abroad in one click.
Pre-ICO and ICO
Tokens at these stages will be available as follows:
01.02-10.02 – 0.00019 ETH/UMT – Pre-ICO (+31.5% bonus) -Vesting 10% each week -1 ETH min
11.02-20.02 -0.00021 ETH/UMT- Pre-ICO (+20% bonus) -Vesting 10% each week -1 ETH min
20.03-20.05 -0.00025 ETH/UMT –ICO– No vesting -0.1 ETH min
Hard cap: 35 000 ETH
All tokens unsold during crowdsale will be burned. In case Ether crypto currency rate falls more than 20% of the current rate, the company reserves the right to increase hard cap accordingly.
Read more: whitepaper