SoftBank Corp. (TOKYO: 9434) announced on Tuesday it has formed a new partnership with TBCASoft, Inc. to launch a blockchain-based “Identification & Authentication” Working Group under the Carrier Blockchain Study Group (CBSG), the global blockchain consortium of telecom carriers.
According to the duo, TBCASoft created a new foundation application framework called Cross-Carrier Identification System (CCIS), which will focus on enabling identification and authentication services. SoftBank and TBCASoft will be leading this Working Group under the CBSG Consortium as well as collaborate with CBSG Consortium members around the globe.
“CCIS provides a blockchain-based solution operated by independent CBSG carrier members under a CCIS Cross-Carrier Consensus with carrier-grade reliability. CCIS uses Zero Knowledge Proof cryptography and Distributed Ledger Technology (DLT) that enables issuing, storing and authenticating a user’s identification without having to reveal private detailed information that the user may not want or need to share.”
Speaking about the collaboration, Takeshi Fukuizumi, VP of SoftBank, stated:
“We envision that individuals should create encrypted digital identities, instead of using and storing multiple usernames and passwords on databases here and there with various qualities of privacy protection. We have been working with TBCASoft on solving identification and authentication problems, and have an answer with CCIS. We believe that telecom operators under the CBSG Consortium will play very important roles in the global identity business.”
Ling Wu, Founder and CEO of TBCASoft, added:
“After the success of the Cross-Carrier-Payment System (CCPS), CCIS is another important foundation application framework that TBCASoft has been developing for CBSG Consortium members. CCIS is a global platform that protects individuals’ identities from fraudulent activities with telecom carrier-grade reliability. TBCASoft is committed to working with telecom carriers to provide comprehensive and cost-effective blockchain-based identification and transaction services to businesses and individuals around the globe.”