Technology development at this time occurred very fast, include in the communication field. Communication takes a significant role in daily life. Technological sophistication in communication makes everything more instant, easy, fast, and cost-effective. Communication technology facilitates people work both in business, economy, and daily life. Examples of this communication technology is around us is the use of mobile phone (smartphone). With the existence of such communication technology can facilitate people to be able to interact and communicate without limitation distance and time with certain cost.
Almost the entire community uses several technologies to communicate and exchange information both in short distance and long distance (across-country). The use of mobile phone is closely related to the service provider (operator). Mobile operators generally offer various services by requiring customers to pay certain fees. However, there are few problems occured when someone travels abroad and they want to communicate using a mobile phone. The problem that appear are some operators are only work in limited area, and some of them have expensive roaming charges.
Limitation of sim card usage of the operator only in limited area, and the presence of expensive roaming charges during travels worldwide, then Bubbletone using Blockchain technology provides convenience. Bubbletone is the first decentralized telecom ecosystem that allows mobile network operators, phone users and service providers to interact directly. As we know, blockchain technology has many advantages and also has been applied in many countries in the world to help their industries include communication industry. Through blockchain technology, communications and transactions occur in a short time, relatively cheaper, safer, and transparent costs. Initial Coin Offering, aka fund rising with cryptocurrency, creates a new business project of the trend of communication in the digital industry. This project name is Bubbletone with the Blockchain in Telecom provides convenience for customers to make calls and use data during travel worldwide at great local rates without changing your SIM card, any operator can become global with direct access to international telecom market, and eliminate roaming . Bubbletone can be one of your alternative choices to join a new business.
What is Bubbletone?
The first decentralized telecom ecosystem that allows mobile network operators, phone users and service providers to interact directly and make calls and use data during travels worldwide at great local rates without changing your SIM-card. Bubbletone developed a special economy for the telecom industry. Any operator can become global with direct access to international telecom market. Bubbletone have two tokens: One of them is stable and equals 1 SDR used in telecommunications. We named it SDR (SDR Token – Special Drawing Right Token). It’s the unit of payment given to providers for their services, i.e., the price of services is measured in these units. Everyone needs SDR tokens, and their amount is unlimited, just like amount of services is unlimited. The second token is UMT (Universal Mobile Token). It’s necessary for creating smart contracts, and all service providers require it.
Bubbletone Blockchain, How It Works?
Bubbletone replaces old-fashioned and costly roaming technology by implementing smart contracts into mobile operators’ interactions. 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.
How it works: 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.
Any mobile carrier can publish prepaid plans as smart contracts on Bubbletone Blockchain. These offers are visible to all other operators and their subscribers. When subscriber selects offer, a new smart contract is created with the subscriber`s digital identity and payment transaction directly to foreign operator. As a result, the Offer issuer identifies the user and receives money, and starts servicing the subscriber directly, with local price and high quality. The same business process is available for any non-telecom service provider (like music, TV or cloud services) who is interested in distributing its own Offers among multimillion customer bases of mobile operators.
The Blockchain ecosystem consists of a limited number of high performance servers (“Nodes”),
which belong to the crypto community. It means that any crypto holder could buy a license to
manage the Node, and start earning by processing the smart contracts. Node is an asset. It’s like you buy house which increases in value and pays rent as well.
The advantages with Bubbletone Blockchain
For Travelers: Make calls and use data during travel worldwide at great local rates with direct connection to local operators, no need to change your SIM-card or phone number, next generation messenger packed with amazing communication features.
For Operators and service providers: Any operator can become global without complex network integrations, direct access to international telecom market with millions of new customers, increase in revenue through distribution of value-added services.
Characteristics of Bubbletone Blockchain
- Bubbletone Blockchain will be developed using Graphene Framework
Graphene is an Open Source C++ Engine developed in a very modular fashion, making it adaptable to many different uses. Our Blockchain will be developed on Graphene and can execute over 10,000 transactions per second.
- Development of the third-party apps
We will have an open source platform and will invite developers to prepare new smart contracts for new partners. Also for Bubbletone, we will create a powerful platform for the development of thirdparty bots and small applications
The Bubbletone app contains more than 100 functions, each being in high demand by users. For our current project, the most important functions are:
- Retaining your mobile number in the app during remote swapping of the SIM card profile. Subscribers will be able to receive incoming calls via an IP channel and also pay for local mobile service bundles in the visited country.
- Using Bubbletone as the first client of a decentralized network based on blockchain technology (explained below), which we are developing. Blockchain made it possible for us to radically change the rules of the game: we simply eliminated roaming Direct connection to a local operator provides low rates and high LTE quality, with easy management using Bubbletone mobile app.
- Marketplace connecting subscribers and local network operators globally.
- Keeping domestic phone number during foreign trips.
- Conference video and audio calls, SMS in future – send a date and text for your SMS, Burning messages.
- Buy, keep and use domestic phone numbers in different countries
- 100+ other communication features
Business Model of Bubbletone Blockchain
Bubbletone Blockchain has two tokens due to following reasons:
- The need to ensure stable prices of services for subscribers, and projected revenues for operators and service providers. For these purposes, the SDR token has a fixed rate pegged to 5 major fiat currencies.
- The need to provide a link with the crypto currency market to give crypto-miners the
opportunity to exchange revenues from transaction processing to fiat and crypto currency. For these purposes, the Universal Mobile Token (UMT) has a floating rate and a limited amount. It will be sold at the ICO with a capacity of listing on crypto exchanges.
Why Should Someone Join Business Model of Bubbletone Blockchain?
The goal of the Bubbletone Blockchain platform is to eliminate all long, complex and costly inter-operator roaming procedures and to create a new market for thousands of telecom carriers opening affordable mobile services for silent roamers. Bubbletone Blockchain in Telecom ecosystem provides direct interaction between mobile operators and service-providers via smart contracts.
Blockchain made it possible for us to radically change the rules of the game in telecom: we simply eliminate roaming. Blockchain is the basis of our solution, since the interaction between mobile operators is carried out through smart contracts. There is no need in expensive direct contracts and technical integration between network providers. This allows any cellular operator (including small ones) to quickly (within 24 hours) begin offering their services to subscribers of other operators and to provide subscribers with a global service at local rates.
Bubbletone directly connect mobile network operators and end users globally on our blockchain-based marketplace. With Bubbletone Blockchain, travelers can swiftly become legitimate local customers of any foreign operator in the country they are traveling to. They don`t need to replace their SIM card, and they retain their home number.
Bubbletone Token (UMT Token)
UMT token (Universal Mobile Token) – a token with market exchange rate and a limited amount specified on the ICO. A small number of UMT should be put into each Smart Contract when it is created to perform transactions under the Smart Contract. UMT tokens can be used to pay for telecommunications services on the Bubbletone platform. Specifically, UMT tokens can be used on a user’s balance in the Bubbletone messenger app as payment for sending messages and making voice calls in public switched telephone networks. To replenish the balance in the Bubbletone app, a user can buy UMT tokens making payment with fiat currencies, crypto currencies or SDR tokens through the payment gateway inside the Bubbletone platform. Crypto currencies, fiat currencies or SDR tokens will be exchanged into UMT tokens and will be deposited as UMT tokens on the balance of the Bubbletone app user.
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