S Korea'due south largest telecoms provider, KT Corporation, is boosting a partnership with China Mobile targeting blockchain technology and 5G roaming.

As local English-linguistic communication news outlet The Korea Herald reported on December. 5, KT is preparing to debut 5G roaming capabilities in China afterwards this month.

KT Corp. optics B.Link blockchain rollout

At the aforementioned fourth dimension, the companies are working on a blockchain system which will allow them to relieve time and costs when computing roaming charges for mobile users.

Co-ordinate to The Korea Herald, the B.Link system is able to "self-analyze roaming data from the two carriers and can process roaming charges on a existent-time basis."

The news comes effectually six months afterwards KT revealed it had built a blockchain network of its own. KT Network Blockchain similarly targets roaming, forth with other use cases such as user identification.

That annunciation in plough followed KT'southward Blockchain-as-a-Service, or BaaS, which aims to ease admission to the technology for Due south Korean firms.

Telecoms embraces blockchain potential

Every bit Cointelegraph reported, both South korea and Cathay take thrown their weight backside blockchain technology, the latter making it part of formal state policy in a widely-reported publicity campaign last calendar month.

Enthusiasm is also palpable in S Korea, with applied science giant Kakao Corporation describing its Klaytn blockchain offer as being more advanced than Facebook'due south Libra projection in recent comments.

For the telecoms manufacture specifically, blockchain meanwhile should bring $1 billion of added value past 2023, according to a written report published final year.