Apr 08, 2020 (Stock Market Press via COMTEX) -- China will be debuting a new nationwide blockchain platform called Blockchain Service Network (BSN) this month. A large number of banks, government groups and other institutions are involved and BSN includes future plans for a digital identity system. Based on an open-source protocol, it will develop smart city infrastructure and Artificial Intelligence, Internet of Things (IoT) and 5G.
Blockchain and 5G M&A is in the news daily. Media companies such as Stock Market Press are reporting on the fast growing blockchain 5G telecommunications market . It keeps readers up to date on 5G company stocks such as iQSTEL Inc. (OTC: IQST), Motorola Solutions, Inc. (NYSE: MSI), China Mobile Limited (NYSE: CHL),Verizon (NYSE: VZ), AT&T Inc. (NYSE: T), T-Mobile US (NASDAQ: TMUS) and Ericsson (NASDAQ: ERIC), HIVE Blockchain Technologies Ltd. ( /zigman2/quotes/208543683/delayed HVBTF -0.24% and Long Blockchain Corp. /zigman2/quotes/206834681/delayed LBCC -0.79% in 5G and blockchain networks. Also covered are trends by semiconductor manufacturers Qualcomm (NASDAQ: QCOM), Qorvo (NASDAQ: QRVO) and Skyworks Solutions (NASDAQ: SWKS), among others.
China Ready To Debut National Blockchain Platform In April For Cryptocurrencies, 5G, Smart City Infrastructure, Credit Rating Ledger
The new BSN network will debut as a public infrastructure network run by provider China Mobile, a state run telecom company, together with Red and China Union Pay, a report on the site Inside Bitcoins said. It underscores the growth of blockchain that China is establishing this national network. China ready to debut national blockchain platform in April for cryptocurrencies, 5G, smart city infrastructure, credit rating ledger. China ready to debut national blockchain platform in April for cryptocurrencies, 5G, smart city infrastructure, credit rating ledger.
The BSN network will also be able to develop custom applications for users within the blockchain ecosystem. Its architecture will not allow unauthorized entities from participating in the blockchain, the report said. The new network also supports Zero-Knowledge Proof. China ready to debut national blockchain platform in April for cryptocurrencies, 5G, smart city infrastructure, credit rating ledger.
iQSTEL Inc. (OTC: IQST) Makes Its Mark In Blockchain
iQSTEL Inc. (OTC: IQST) recently closed on its purchase of a 75% stake of itsBchain, a blockchain solutions provider, with plans to develop in-house telecom blockchain solutions based on blockchain and artificial intelligence (AI) technologies. The combination of blockchain and 5G will speed not only the integration of 5G into global markets, but they will also serve to protect individual privacy which is an important issue in the new data telecommunications world as it further disrupts industries. Blockchain is seen by experts as an important driver of 5G launch in telecommunications.
iQSTEL (OTC: IQST) Acquires 75% of itsBchain To Develop More 5G/Blockchain Solutions
We are already seeing the combination of 5G and blockchain in the telecom industry. The iQSTEL Inc. (OTC: IQST) close yesterday on its purchase of a 75% stake of itsBchain, a blockchain solutions provider, is one example. iQSTEL and its subsidiaries plan to develop in-house telecom blockchain solutions based on blockchain and artificial intelligence (AI) technologies for the carrier, corporate and retail markets.
itsBchain Is 'Uniquely Positioned" To Develop Telecom Applications
Mr. Iglesias, CEO of iQSTEL (OTC: IQST), said that itsBchain "is uniquely position to develop telecom applications based on smart contracts and blockchain technologies." He added that he believes the synergy between the company's subsidiaries, as well as its existing clientele, will greatly benefit from the new acquisition. It is expanding subsidiaries and offering clients more telecom services in the carrier, corporate and retail markets.
QSTEL Inc. (OTC: IQST) Subsidiaries Expand Capabilities In Blockchain, 5G
iQSTEL Inc.'s (OTC: IQST) digital 5G communications will impact the future of quick remote communications. iQSTEL (OTC: IQST) is ready for growth. Company sales in February reached $1,688,206 consolidated including all subsidiaries. It attained a 39% rise when it attained $3,546,058 for year-to-date 2020 compared to $2.5 million the same period in 2019. The parent company, including its subsidiaries, reported 2019 sales of near $22 million, an 18.5% jump from the prior year.
iQSTEL Inc.'s (OTC: IQST) Etelix Subsidiary Is Based In Miami
iQSTEL Inc. (OTC: IQST) has numerous subsidiaries in the 5G industry and is competitively bidding for more. Wholly-owned, Miami-based subsidiary, Etelix.com USA, LLC, an American-based 5G provider of Submarine Fiber Optic Network capacity for internet (4G and 5G) is vital. The parent company also owns 51% of SwissLink Carrier AG. SwissLink Carrier AG provides international VoIP connectivity worldwide and more. Additionally, it owns 51% of QGlobal SMS LLC, a U.S.-based company which has international interconnection with Tier 1 SMS aggregators to more than 100 countries worldwide. Recently, it added another high tech subsidiary when it completed its acquisition of a 75% stake of itsBchain LLC, a blockchain technology developer.
Source: Stock Market Press
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