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World's first telecom operator that launched the blockchain points system - Sharing Coins
[February 12, 2018]

World's first telecom operator that launched the blockchain points system - Sharing Coins

BEIJING, Feb. 12, 2018 /PRNewswire/ -- According to news reports, on the afternoon of February 12th, China's fourth-largest operator SHARING INTERNET MOBILE GROUP (SIM GROUP) released a blockchain-based bonus points system – "Sharing Coins".

This is the world's first telecom operator to enter the blockchain domain and is an important step in the layout of SIM Group's digital assets.

Sharing Internet Mobile Group was founded in 2006 and is a mobile communication operator licensed by the Chinese government. Currently, it has more than 10 million mobile subscribers. It mainly deals in mobile communication products, industry applications and mobile internet products. Its headquarters is based in Beijing, with subsidiaries and branches setup across the 31 provinces and cities in China.

The Chairman of SIM Group, Lucky Jiang said: "The entry of telecom operators into the blockchain domain has opened up enormous imagination for the industry.

"First, the utilization of blockchain technology distributed storage for opertor bonus points, opens-up barriers to consumption bonus points, phone bills, mobile data and even more value between operators across the globe.

"Secondly, blockchain technology ensures equity, transparency and credibility of all value exchanges and storage in the SIM Group and community chain ecosystem.

"Thirdly, the blockchain provides accounting and protection for users' data assets, forming a data + trading platform to provide more value.

"With the creation of an application for blockchain technology, SIM Group can greatly promote the interoperability and data management between the existing telecom operators' bonus point systems, enabling data mining, user operation, bonus points consumption etc. of bonus points blockchain application domain of global telecom operators, to enter a new stage of development.

"As a starting point, it is bound to promote more operators and related industries to join the "Sharing Coin" bonus points blockchain alliance. The process of applying and implementing blockchain technology is accelerating, and the possibility of realizing technology and security architecture for grafting blockchain technology in various fields promotes its rapid development.

"By combining these three; operators, bonus points and blockchain, SIM Group has penetrated the most favorable space for development.

"In the future, user points gained via SIM Group and alliance partners will become digital assets – Sharing Coins. Let the global communication users grasp their own information and data security, to get more value."

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SOURCE Share Communications

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