|[April 02, 2019]
CSG Launches First Blockchain Technology Lab for the Wholesale BSS Industry
CSG (NASDAQ: CSGS), the trusted partner in simplifying the complexity of business
transformation in the digital age, today announced the opening of a
technology lab to adopt blockchain technology across the wholesale
business support systems (BSS) industry - specifically in the area of
CSG's lab, part of the company's ongoing leadership in the wholesale
industry, will focus on solving the industry's toughest business
challenges by leveraging the wider application of blockchain, as well as
explore new applications for the technology in areas including trading,
routing, roaming, fraud and partner management (video).
"In an era where change is the new constant, it is imperative companies
look to innovation and technology as a means to keep pace with consumer
demand," said Chad Dunavant, head of global product management, CSG.
"Our leadership and knowledge in the wholesale space creates a
competitive edge to identify opportunities where blockchain technology
can harness success for our customers."
CSG will leverage its
expertise in interconnect and wholesale to identify ways the
technology can facilitate rapid and cost-efficient wholesale settlement
between carriers and their partners to deliver all types of services to
their customers. This includes leveraging bockchain technology to
reduce the amount of time it takes to put contracts in place between
carriers, as well as speeding up the process for carriers to settle
financial agreements, lowering collection times.
As blockchain continues to evolve, this initiative will also look at
ways the technology can integrate with CSG wholesale solutions, while
harnessing the company's leading market presence and its product lines
to help position its customers for success. Initially, research
conducted in the lab will focus on five key areas of intercarrier
Event Record Blockchain
Financial Transaction Blockchain
Financial Settlement Blockchain
CSG is a leader in the BSS industry for wholesale market with a
long-standing track record in disciplines including trading, routing,
QoS assurance and inter-carrier billing and settlement. The company
serves more than 300 operators and carriers worldwide - including more
than half of the companies that make up the ITW Global Leaders Forum.
CSG offers end-to-end capabilities for wholesale carriers including
buying, routing, pricing, selling and deal management for bilateral and
CSG simplifies the complexity of business transformation in the digital
age for the most respected communications, media and entertainment
service providers worldwide. With over 35 years of experience, CSG
experience and digital
monetization solutions for every stage of the customer lifecycle.
The company is the trusted partner driving digital transformation for
leading global brands, including Arrow Electronics, AT&T (News - Alert), Bharti Airtel,
Charter Communications, Comcast, DISH, Eastlink, iflix, MTN, TalkTalk,
Telefonica, Telstra and Verizon.
For more information, visit our website at csgi.com
and follow us on LinkedIn,
View source version on businesswire.com: https://www.businesswire.com/news/home/20190402005053/en/
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