Synchronoss Technologies (NASDAQ:SNCR) has announced that it and TBCASoft are teaming up to “redefine” telecom operators with blockchain.

As quoted in the press release:

Additionally, Ling Wu, Founder and CEO of TBCASoft, and Glenn Lurie, President and CEO of Synchronoss, will discuss “The Blockchain: Redefining Telecom Operators” at the Consumer Electronic Show on Jan. 8 at 5 p.m. PT. To attend the discussion at the Synchronoss booth in the Chairman’s Salon at the Wynn Hotel in Las Vegas, please see details here.

Last year, Synchronoss and TBCASoft successfully completed a payment service proof of concept designed to allow users to make a range of in-store, mobile and digital purchases directly from their devices using Synchronoss’ secure multi-channel communications platform. The Synchronoss platform provides for payments via SMS, email and rich communications services (RCS) leveraging TBCASoft’s cross-carrier blockchain payment platform.

TBCASoft also leads the Carrier Blockchain Study Group (CBSG), a global consortium of telecom carriers, which has been gaining momentum because of its unique vision and cross-carrier blockchain platform that has no reliance on cryptocurrencies. Its Cross-Carrier Payment Service (CCPS) foundation application framework facilitates global mobile payment services among CBSG carriers. Synchronoss, a foundation application provider, plans to leverage Distributed Ledger Technology to remove middlemen parties typically found in other payment ecosystems to create improved services.

Click here to read the full press release.