BUBBLETONE : The First Decentralized Telecom Ecosystem
Blockchain Telecom (BT)provides interoperability of mobile operators through the special smart-contracts, that are in fact a strictly predetermined finite automation, constructed from sequential transactions, that was put on blockchain by users and operators. This goal is reached by consensus transaction processing, performed on blockchain nodes. Only transactions, corresponding to previous transactions, having right state, values and signatures of participating parties are valid.
The function of SSC is to store clients funds, allow operators to charge client several times, and, finally, redistribute funds held by SSC between participating parties. These transactions offer services, open requests for service, charge clients and, finally, transfer payments to operator, performed the request, fee to operator, published original request, and change to client.
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.
Our VISION
We directly connect mobile network operators and end users globally on our blockchain-based marketplace. As a mobile operator in Europe with over 20 years in telecom, we are going to leverage this blockchain platform to enter the global market and offer it to all operators.
How it works?
Initially, 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 in SDR tokens. Each transaction has UMT to be processed by Super Nodes.
The Blockchain in Telecom is based on Proof of Importance consensus to process millions of smart-contracts between mobile operators around the world:
The PROBLEM
International roaming now means prohibitive expenses both for telecoms and subscribers around the world. Inter-operator charges for entering roaming market now exceed $20 million. Developing countries are most hit from exceptionally high roaming prices in a market dominated by a few telecom giants.
The SOLUTION
With BubbleTone Blockchain, travelers can swiftly become legitimate local customers of any foreign operator in the country they are traveling to. They dont need to replace their SIM card, and they retain their home number
The BENEFITS
HOW TOÂ START?
The process of creating and executing of smart contracts is seamless for subscribers 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 having 100+ useful functions.
Crypto-holders could setup own nodes to earn Universal Mobile Tokens (UMT) on smart contracts processing. Growing demand and limited offer of the tokens provide the great revenue stream for each participant:
Technology and Security
The platform we have chosen for our crowdsale is Ethereum. Smart contracts for tokens and crowdsale will be written in the Solidity language. The provisions outlined in this document will be guaranteed in smart contracts with cryptographic reliability. The collected Ether will be stored in a separate contract 1 that provides an automatic return of funds to contributors in case of the ICO failure. Smart contract management and withdrawal of funds will both be protected by multiple signature.
In crowdsale contracts, there will be a fallback mode (pause), which will automatically turn on if a leak of funds is detected, and can be activated by the owners in any unforeseen circumstances. This regime is designed to protect the collected funds and prevent the receipt of new funds in case of threats.
The ROADMAP
TOKEN DETAILS
UMT — Universal Mobile Token.
- Hard cap: 35000 ETH
- Will be sold at the ICO with a capacity of listing on crypto exchanges.
- Limited amount to be issued.
- Tokens unsold during crowdsale will be burned.
FUNCTION: Used in smart contracts to perform transactions. — Can be used to top up user balance to pay for telecom services.
Bubbletone Mobile App:
- Marketplace connecting subscribers and local network operators globally
- Messaging & lifestyle app customizable for operators’ needs and content delivery
PARTNERS
MEET THE TEAM ANDÂ ADVISORS
WHY YOU MUST JOIN AND INVEST IN THIS?
- Roaming hubs are intermediators between mobile operators to provide interconnectivity with use of roaming technology. This technology is very complex and expensive, especially for small and medium operators. As a result, it takes 2–3 years and 10+ million USD to launch global coverage offer for subscribers. “Blockchain in Telecom” resolves this issue within weeks without investments in infrastructure.
- Project Fi powered by Google offers tariff plan with low rates (about $10 per GB) in 135 countries. But it’s workable on Google smartphones only, requires monthly subscription fee ($20 a month) and doesn’t support LTE quality in most of these countries. Also, it’s a proprietary solution which couldn’t be implemented by third-party operators.
- Apple SIM is workable on some iPad’s only, has rather high rates (3–5 times higher comparing to local prices) in most of supported countries. This solution is proprietary too.
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