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Could this company be among the first to use Blockchain to expand mobile service globally? – Benzinga

Ever since the first portable cell phone was introduced by John F. Mitchell and Martin Cooper of Motorola in 1973 using a handset weighing 2 kg, mobile telephony has advanced by leaps and bounds.

This demonstration in 1973 laid the foundation for the birth of the cellular network industry. Just six years later, in 1979, Nippon Telegraph and Telephone launched the first commercial analog (1G) automated cellular network in Japan. Mobile telecommunications has not looked back since then.

Today, the standard deployed by companies in the sector is 5G, an offer well advanced compared to that launched in 1979. Even before 5G was fully deployed, 6G, the sixth generation standard, is currently in under development and should be even faster.

Currently, T-Mobile Us Inc. TMUS, AT&T Inc. J and Vodafone Plc Group. VOD are among more than 750 mobile operators serving 7.26 billion people, or 91.54% of the world’s population, with multiple services including voice and data.

First Blockchain mobile network?

Even before these players can get 5G services to every nook and cranny of the globe, a rising Singapore-based company says it could be a first for the industry.

Gorilla Networks Pte Ltd. boasts of being the world’s first blockchain/Web3-enabled mobile virtual network operator (MVNO) to offer contract-free on-demand mobile service in the form of non-fungible tokens (NFTs).

Established in 2019, the company uses Web3 technology to operate an MVNO for its users in Southeast Asia. With network coverage in over 160 countries, Gorilla would offer a full suite of mobile communication services such as local calls, international roaming, data and SMS.

Additionally, Gorilla allows its customers to convert unused mobile data into digital assets or Gorilla GO tokens through its proprietary blockchain-based SwitchBack feature.

Gorilla GO tokens, in turn, can be redeemed for e-vouchers to offset future bills or redeemed for other value-added services.

The company hopes its mobile blockchain technology will not only improve customer experience, but also help solve several challenges travelers face today in accessing voice and data services abroad.

The Traveler’s Challenge

  • Hassle of changing multiple prepaid SIM cards at different airports
  • Expensive roaming data charges and international direct calls (IDD)
  • Inconvenient prepaid SIM top-ups in physical stores
  • Mobile plans at home without data roaming access
  • Mobile roaming plans that do not support multiple devices or sharing

The Gorilla Solution: The Service Layer Business Model

  • Gorilla says it acts as a perfect bridge between consumers and network operators.
  • The company’s interface enables rapid technical integration with mobile network operators around the world.
  • Gorilla reports that its proprietary blockchain-based Business Support System (BSS) is interoperable, scalable, and cost-effective.
  • The company also claims that its on-chain and cloud engine enables low-cost deployment in every high-speed city.

With the travel market rebounding across Southeast Asia in the second and third quarters of 2022, Gorilla plans to significantly grow its customer base by marketing to business and leisure travelers in the region through its platform. user-friendly technology.

It plans to expand its MVNO services to Vietnam, Thailand and Malaysia over the next 12 months.

June 3, Company Pass Inc. SOPsan acquisition-focused e-commerce holding company in Southeast Asia, announced that it had acquired Gorilla Networks.

This will be the first acquisition for the data-driven loyalty and e-commerce company in Singapore.

SoPa believes Gorilla’s technology platform aligns well with its acquisition strategy as it integrates the company’s blockchain and Web3 capabilities into the SoPa ecosystem and seeks to enable a new meta-economy for all companies. of his portfolio.

The company plans to expand to more than 10 subsidiaries by the end of 2022 in eight distinct verticals: loyalty, merchant software, lifestyle, food and beverage delivery, telecommunications, digital advertising, travel and ordering. food and drinks.

Since its inception in 2018, SoPa has brought together over 1.6 million registered consumers and over 5,500 registered merchants and brands on its platform.

In addition to Gorilla, SoPa offers merchants #HOTTAB Biz, a lifestyle e-commerce via Leflair.com, an online restaurant delivery service via Handycart.vn and grocery delivery via Pushkart.ph.

This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investment advice.

Featured photo by Gorilla Networks.

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