South Korea Telecom Giant Joins Blockchain Partner In China

The most popular South Korea telecom giant and provider, KT Corporation, is boosting a new partnership with the China Mobile company and is targeting blockchain technology and 5G gaming.

The blockchain news first emerged in The Korea Herald news outlet which reported that KT’s preparing to debut 5G technology and roaming capabilities in China later this month. At the same time, the two companies said that they are working on a blockchain system which will allow them to save time and costs when computing the roaming changes for mobile users.

The Korea Herald also notes that South Korea telecom giant is building a system to self-analyze roaming data from the two carriers and can process roaming charges on a real-time basis.”

All of this comes around six months after KT revealed that it had built a blockchain network on its own. At the time, the crypto news showed that the KT Network Blockchain was similarly targeting roaming, along with other use cases for the blockchain such as user identification and more.

The announcement followed KT’s Blockchain as a Service (BaaS) attempt too. With it, the South Korea telecom giant wanted to ease access to the technology for South Korean firms.

As we reported before this, both South Korea and China have been attempting to dominate in the field of blockchain. The latter country has even made it part of their formal state policy in a widely reported publicity campaign last month.

As it stands, the enthusiasm is also palpable in South Korea as the South Korea telecom giant is looking a foray in this field. Another tech giant named Kakao Corporation has described its Klaytn blockchain as one that is more advanced than Facebook’s Libra project in recent comments.

The telecoms industry specifically can show us that blockchain should bring $1 billion of added value by 2023, according to a study which was published earlier last year. The technology is beyond limits when it comes to these providers and every one of them is trying to adopt it and make it part of their strengths.

For now, there isn’t an obvious leader in the field. However, the South Korea telecom giant KT Corporation is definitely looking in that direction.