CSG, ITW Global Leaders Forum to create communications blockchain network.
M2 EQUITYBITES-July 2, 2019-CSG, ITW Global Leaders Forum to create communications blockchain network
(C)2019 M2 COMMUNICATIONS http://www.m2.com
CSG (NASDAQ: CSGS) has announced it has been selected by the ITW Global Leaders' Forum (GLF) to support the creation of an open blockchain ecosystem aimed at revolutionizing carrier inter-service provider settlement processes by enabling automation and improving security, the company said.
CSG will leverage its expertise in interconnect and wholesale to help the GLF identify ways the technology can facilitate rapid and cost-efficient wholesale settlement between carriers and their partners as they deliver all types of services to their customers.
Blockchain technology can be used to streamline complex carrier agreement and settlement processes. This includes reducing the amount of time it takes to put contracts in place between carriers, as well as speeding up the process for carriers to settle financial agreements, lowering collection times.
The partnership closely follows CSG's launch of the wholesale business support systems (BSS) industry's first blockchain technology lab solving the industry's toughest business challenges by leveraging the wider application of blockchain, as well as explore new applications for the technology in areas including trading, routing, roaming, fraud and partner management (video).
CSG is a provider of the BSS industry for the wholesale market with a long-standing track record in disciplines including trading, routing, QoS assurance and inter-carrier billing and settlement. The company serves more than 300 operators and carriers worldwide -- including more than half of companies that make up the ITW Global Leaders Forum.
CSG is a provider of software and services that help companies around the world monetize and digitally enable the customer experience. For more than 35 years, CSG has simplified the complexity of business, providing revenue management and digital monetization, payments, and customer engagement solutions to help our customers tackle any business challenge and thrive in an ever-changing marketplace.
((Comments on this story may be sent to email@example.com))