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Singapore’s Telco will start offering blockchain-powered services

Gorilla Mobile, a new player in Singapore’s highly lucrative and competitive telco industry, is all geared up to provide contract-free service powered by blockchain. The new telco will allow customers to use their mobile services without any need for contracts, a requirement that most telcos are implementing today. Gorilla’s one major feature, called SwitchBack, allows […]

The post Singapore’s Telco will start offering blockchain-powered services appeared first on BitcoinerX.

Singapore’s Telco will start offering blockchain-powered services

Gorilla Mobile, a new player in Singapore’s highly lucrative and competitive telco industry, is all geared up to provide contract-free service powered by blockchain.

The new telco will allow customers to use their mobile services without any need for contracts, a requirement that most telcos are implementing today.

Gorilla’s one major feature, called SwitchBack, allows users to convert their unused mobile data into shareable tokens that can be used to pay bills, and even in-app services.

Advantages of blockchain tech in telco

For a quick definition, blockchain technology is a system of recording information in a way that makes it highly difficult to tweak, cheat, or be hacked.

And telcos using the blockchain tech are expected to rise in the coming years, if not months, and there are plenty of reasons why this new tech is beneficial for telcos.

Blockchain has an efficient management technology, has the capability to prevent any fraud transactions, and provides convenience for mobile app developers to access cloud computing.

Also, unlike traditional ways of gauging roaming bills, blockchain offers a more efficient and accurate way of doing it.

Telcos in countries, particularly in China, have also started offering services that are powered by this technology, and Gorilla is the first telco to offer this kind of service in Singapore.

The official launch

At the new telco’s pre-launch event, it announced that it will offer a separate S$25 (U.S 18.60) monthly service plan.

This initial offering will include 20 GB of mobile data, 100 minutes of call time, and 100 text messages. It will also include its innovative SwitcBack feature.

Gorilla Mobile is set for a full-launching this September 2021.

Image courtesy of Cointelegraph News/YouTube

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Source: https://bitcoinerx.com/blockchain/singapores-telco-will-start-offering-blockchain-powered-services/

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