BUBBLETONE REDEFINES THE TELECOMMUNICATION INDUSTRY WITH THE INFUSION OF THE BLOCKCHAIN TECHNOLOGY

cryptoboss12 (40)in #telecom • 6 years ago (edited)

Before the emergence of the internet, whenever people talk about telecommunications, what pops up in their head is a telephone for making and receiving calls.

As technology got better, users now think of telecommunications in terms of both products and services. Everything about the telecommunications industry has changed over the last 50years.
In as much as there has been record progress in some areas, several recurring issues are yet to be addressed.

CHALLENGES FACED IN THE TELECOM INDUSTRY

Majorly, Communication service providers (CSPs) are in control of the end-to-end value chain which includes data connectivity, network infrastructure, and other related consumer services for users.
The rise of technology has necessitated the need to find new/alternative sources of revenues and reduce the costs as the revenue is decreasing due to the factors of high cost and high bandwidth demand.

The implementation of the Blockchain Technology has the ability to impact the core management system of CSPs. It creates an atmosphere where costs can be reduced to the barest minimum, while increasing revenue and process efficiency.

Blockchain Technology finds its application in several parts of the Telecommunications industry. It can be applied to solve the problems of ;

Identity Management
IoT connectivity
Fraud Management
Data management
Roaming

For the sake of this article, my focus is on how the Bubbletone platform plans to inculcate the benefits of the blockchain technology to connect users and service providers on a seamless network and also solve the age long roaming problem.

WHAT IS ROAMING?
In simple terms, roaming refers to the usage of your mobile devices for services such as calling, texting, and so on, on another network service whenever you are outside your geographic coverage area. How roaming is done differs from one network provider to the other.

Roaming fees are generally very expensive and its charged on a per-minute basis most times. These charges may include wireless voice service, per text message and per Megabyte per second for data service. The decision on how much to charge depends primarily on the service provider.

The Bubbletone platform will eliminate roaming by providing a better alternative on the blockchain technology that solves major telecommunications problems.

WHAT IS BUBBLETONE?
It’s the first ecosystem built on the blockchain technology, which utilizes the Decentralization features of the technology to connect mobile networks operators, end users, and service providers.

If you would like to have a visual and audio representation of the platform works, click here:

On this blockchain based marketplace, mobile network operators and end users are connected to one another, not considering their location at any point in time. It opens on a global basis of connectivity.
Through the bubbletone blockchain, a traveler does not need to remove his sim whenever he is outside his geographical location.
Travelers can instantly utilize the service of a foreign operator in a heartbeat.

BENEFITS OF THE BUBBLETONE BLOCKCHAIN

There are three categories of people that will benefit from the blockchain based marketplace of bubbletone.

✳️TRAVELERS

a) Travelers stands to gain a great deal through the platform because there are many benefits they derive from its usage.
First, travelers will be able to make and receive calls and use data at a cheaper rate as they will be on the local tariff of wherever they are at each point in time.

b)Before the bubbletone, travelers had to change their sim cards whenever they get to a foreign location. But as the bubbletone launches, users no longer need to change SIM cards or phone numbers.
Now end users can keep their phone number. This will be widely embraced as most people would like to keep in touch with their loved ones. As the bubbletone implements these features, such dreams are actualized.

c) Another great advantage is that travelers will have access to make use of a next generation messenger which is packed with great communication features that will interest the travelers.

✳️Operators and service providers:

a) Because the bubbletone interface operates globally, operators and service providers have the opportunity to expand their brand. There is no limitation to where there services can be used. This will foster revenue generation for the telecom industry.

b)Once their brands is exposed, new customers will begin to use their services at whatever tariff they fix their services on. This means that the operators will be opportune to have an international customer base.

c)Through this, service providers can generate more profit as compared to before the advent of the Bubbletone marketplace.

THE COMPONENTS OF THE BUBBLETONE PROJECT

This project consists of two major parts infused into the platform. It includes;

BLOCKCHAIN: The application of the revolutionary Blockchain technology can be applied to many sectors to factor in its trust and transparency, and increase efficiency in the processes/ industry.

It’s decentralized feature enables a trustless network to be formed among different participants, which leads to a failure-resistant system. Right now, this technology is the most widely discussed technology among different industries, everyone trying to utilize its potentials.

The application of blockchain technology in telecoms allows users, service providers and mobile operators to connect through a smart contract on the blockchain.

The Bubbletone marketplace introduces smart contracts into mobile operators interface as opposed to the traditional obsolete and expensive roaming technology.

Mobile carriers publish their prepaid plans on these smart contracts features of the Bubbletone Blockchain. Everyone on the network can view this plans. As such, a subscriber can select whichever offers he prefers.
Once he does that, a smart contract is generated with the user digital identity. This is to eliminate fraud. The payment for the subscription is then sent directly to the foreign operators.

BUBBLETONE APP: The beta version of the App is already available on the iOS and Android operating systems. Any user making use of the app has access to directly connect with a local operator, and enjoy low rates and high LTE quality that comes with an easy management.

On the App, we have the marketplace where subscribers and local network operators can connect. There is also a channel where conference and video-calls can be made, sms capacity, and several other communication features.

WHY SHOULD YOU INVEST IN BUBBLETONE?

1)It already has a working product: like I mentioned earlier, the app is already available in the beta testing mode. And several communication features are pre installed on it already.

2)The team is already in contact with big market players who are interested in partnerships with the project. They include Orange, Hutchison, Etisalat, and several others. Organizations like these are interested in a project that will generate high revenue and attain a level where its services will always be in demand.

3)Bubbletone will transform the entire telecommunications industry, as it will be servicing over 50% of the telecom customer base. This is good business.

Currently, the team is negotiating with some bug names in the mobile device tech sector and sim card providers, to allow them integrate the blockchain technology into their system.

With over 20years of experience in the telecom industry, the team members have experienced first hand, how roaming problems and expensive fees can be unpleasant. They have had the opportunity to carry out research over the years as they were building the platform

They have their own mobile operator company called Allo Incognito. This company has been functioning effectively since the year 2002. With over 240,000 thousands premium subscribers, 42million USD annual revenue and 10k POS, the company is definitely doing well.

Bubbletone has been featured on Forbes, Entrepreneur, Bitcoinist, Newsbtc, Hacked, ICOalert, cryptoinvest, lightreading and many others

TOKEN DISTRIBUTION
Crowdsale: 50%
Founders: 20%
Network development fund: 22%
Team& Community development fund: 7.8%
Bounty: 0.2%

Token Information
Token ticket: UMT
Token type: ERC 20
Total supply: 1,000,000,000 UMT tokens
Amount to be sold: 500,000,000
At ICO; 1ETH=4000UMT
Hardcap: 15,000,000USD
Accepted currency: BTC and ETH

What Telecommunications professionals think about the Bubbletone project

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