For more than two decades Mr. Morozov has actively participated in telecommunications, creating multiple successful businesses in the sector. He is now the Chairman of the Board of a mobile virtual network operator that offers advanced call solutions to more than 240,000 customers.
And so we get to this point, where he founded the mobile messaging application Bubbletone, which helps mobile network providers to expand their coverage, interact with customers and increase revenue in scenarios in which, otherwise, they would lose money. ; and customers to stay connected from anywhere in the world.
Bubbletone is building the first block chain for the telecommunications industry. This decentralized telecommunications ecosystem allows users and providers of mobile networks to interact globally, safely and directly. The central idea of the project is to develop a global telecommunications market where users can buy service packages using their own existing SIM card, all over the world. The goal is to eliminate international roaming, which is inefficient and costly for both users and providers, and is essentially a remnant of another era in telecommunications technology.
How exactly does Bubbletone work?
Once the user has downloaded and registered the application, he verifies his digital identity with the database of his operator using the standard safe procedures of the industry. These user data are not transferred anywhere, but can be validated in the blockchain by foreign mobile network operators in the user's country of destination.
The person can select the offer of voice minutes and the amount of data from the foreign provider they need. When they pay for the service, an intelligent contract is generated in the blockchain. The mobile profile of the foreign provider will be transferred 'by air' in the form of cryptographic keys to the user's SIM card, allowing him to call and use the Internet directly through that local operator. This implies faster LTE quality speeds and the elimination of 'Slow Internet in loop', since the user is working directly through the local network. The intelligent contract also guarantees that the tariff established by the provider will only be charged once the contract is completed, thus protecting the user. Contracts can be purchased with tokens, cryptocurrencies and fiat currencies.
Our potential telecommunications partners can use our platform for free, and the source code is already available on GitHub. After creating an account on the Bubbletone platform, the mobile operator can quickly configure their offers in the block chain, so that each user can see in the application the templates provided for intelligent contracts. The providers will then 'attract' users identified securely to their network, through a mutually agreed and enforceable intelligent contract.
What are the main attributes of the company?
As professionals with more than 20 years in the telecommunications sector, we have a great understanding of the disadvantages of international roaming charges and other obstacles for consumers and suppliers. Our team of more than 30 engineers saw blockchain technology and intelligent contracts as a step towards the future. In addition, we have strong working relationships with many mobile operators around the world.
Since the launch of our telecommunications blockchain, we have signed agreements with operators that serve more than 20 million subscribers. This covers approximately 80 countries so far. We will show the blockchain component working together with the Bubbletone application at the Mobile World Congress in Barcelona at the end of February 2018. This will guarantee that customers enjoy direct connectivity without roaming to local mobile networks and at very attractive local prices.
In addition, Bubbletone is a global project, with no regional restrictions of any kind. Large and small operators can easily participate in our project, in any market. They can increase their subscriber base and obtain a new revenue channel.
How will blockchain technology help transform the international telecommunications ecosystem?
Statistically, only 7% of the world population can pay for roaming offered by their local operator. We see blockchain as a means to offer greater affordability, value and a rationalization of the customer-supplier relationship in telecommunications. The arrival of smart contracts will also eliminate the problem of non-payment for services rendered, which is huge in the industry.
It is also very necessary in the sector to get rid of outdated and inefficient solutions associated with international mobile roaming. Roaming technology in use now has not changed for decades: it is extremely expensive and cumbersome for system operators to configure and implement.
As a company, what goals do you intend to achieve?
Developing countries have been the most affected by the 'roaming gap': local small and medium-sized operators charge higher rates for the world's leading telecommunications operators, since these markets are not considered a reliable source of benefits.
As a medium-sized operator, we know these complaints very well. With the blockchain platform that Bubbletone is developing, mobile operators and end users will connect directly to local prices during the trip. Operators can expand their subscriber base without additional investment, while users will enjoy high quality mobile services at excellent local rates.
We visualize a wider use of blockchain in telecommunications. To ensure secure and convenient authentication in the Bubbletone blockchain, we present pioneering solutions for digital ID management. Virtually any online value-added service, such as music subscription or cloud storage, can be sold in the block chain of the platform, by service providers to mobile subscribers anywhere in the world. We will leave the marketing efforts for the operators.