As a lover of adventure and tourist, I have witnessed first-hand the numerous difficulties associated with roaming services while abroad especially the high cost of transaction cost levied on foreigners by local telecommunication service providers in such climes. This is a problem faced by not just me but millions of travellers across the globe every year. The figures aren’t too good, according to statistics; there are over 1.2 billion travels annually and only 30% enjoys roaming services while the remaining 70% prefer to disable roaming and just 1% of the travellers eventually enjoys 80% of the total traffic generated from roaming.
Your guess is as good as mine, most travellers prefer not to subscribe to any roaming service at all because of the exorbitant transaction charges on roaming services as against the local rates obtain in those countries. The other alternatives available to traveling subscribers aside roaming comes with disadvantage of their own. A subscriber might decide to acquire a local SIM of the visited country but this is at the risk of losing their original SIM (Subscriber Identification Module) on getting back to their base and language barrier often makes that a difficult option. While there is provision of Global SIM Card, the transaction charges is still relatively more expensive than the local transaction charges and its gives an entirely new number different from the former mobile number of a subscriber.
The situation is not good for any of the party involved in provision of roaming services. You really cannot entirely blame the telecommunication companies as there are lots of technicalities associated in setting up this service. They expend huge amount of money on integration of carriers-the telecoms operators’ needs to link their technology while also taking specific regional regulations into consideration. The companies tend to temporarily lose their customers too for as long as they stay in abroad which translate to loss of income and reduction in profit margin.
It is based on this milieu that the Bubbletone team; team of professionals with more than two decades of experience in telecom business comes up with an innovative project exploring the amazing potentials of blockchain technology to address the numerous issues of global roaming services through BUBBLETONE BLOCKCHAIN.
THE BUBBLETONE BLOCKCHAIN
Through bubblestone blockchain, the team aims at providing linkage between telecom operators, their subscribers through smart contracts (blockchain technologies). Blockchain technologies through its ability to securely record millions of transactions on digital ledger without the involvement of third parties makes it a suitable technology to address the several bottlenecks associated with roaming services. Successful implementation of blockchain technologies would eliminate hundreds of third parties presently involved in roaming services which are responsible for the high cost of transaction presently levied against travellers in foreign countries.
With Bubbletone blockchain, respective mobile carriers would have the opportunity of publishing their prepaid tarrif plans as mobile contracts, this translate to offers on the bubbletone platform. These offers would be visible to other service providers and their customers on the platform. Smart contract are created whenever an offer is selected and this is promptly followed by digital identity of a subscriber and payment transaction. To this end, the service provider who made the offer identifies the subscriber and start providing services at the local transaction rates.
The bubbletone blockchain would be built on the Graphlene Framework. The choice of Graphlene framework other blockchain (say etherum) is its very fast transactions rate and as well being an open source C++ Engine which makes adaptable to different features. The system architecture is shown below
With bubbletone messenger, subscribers can successfully connect to network of their visited countries and paying the same the locally obtainable tariff. The beta version of the app is available for download; please visit the app store and google play to download.Some of the amazing features of the Blubbletone Blockchain are highlighted below
Access to audio and video calls
Instant messaging (both group and sms chats)
Deleting messages after reading
Provision of geolocation of subscribers and contact, stickers and animations etc.
Please meet the team behind this laudable initiative
THE INVESTMENT OPPORTUNITY.
It is no secret that early investors in promising cryptocurrency projects stand to gain huge profits on their investment. Specific information regarding the initial coin offering are provided below
The token would be price in etherum and all unsold tokens during ico would be burnt.
The Universal Mobile Token (UMT) is the token of the system.
The maximum supply of the token is 1 billion
50% of the total supply that is 500 million would be sold during the crowdsale
Term and community development would account for 7.8% of the total supply i.e. 78m
The Network development fund 220m while founders is 200m and the remaining 0.2% is for bounty and promotional activities.
For more information regarding this project, kindly get in touch
Writer's Details
Bitcointalk Username: Daseento
Bitcointalk profile link
Incoporating smart contract into telecomunication is a revoltuion that i think will change the telecom industry for good.
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Is it a dividend token or utility
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