Bubbletone to Determine the Impact of its Technological Solution on the Virgin Connect Business
Bubbletone and Virgin Connect, a Russian telecom company with a global brand name, have signed a memorandum to establish partnership aimed at implementing blockchain technology in the telecom business.
Bubbletone (the operating company Clementvale Ltd) and Virgin Connect (the operating company Trivon-Networks LLC) have signed a memorandum of understanding to determine the success of the Bubbletone technological solution and its impact on the Virgin Connect business.
According to the memorandum, the companies will establish a working group of designated responsible individuals for research, development and advancement of the blockchain-based solution. The working group will choose and test several use cases developed by Bubbletone. Then the group members will collaboratively prepare and showcase real-life use cases, with the demonstration of mobile profiles interactions and engagement with value-added services on the Bubbletone blockchain platform being included.
The testing results will help to build an analysis regarding the overall revenue generated by the implementation of the Bubbletone blockchain solution into the Virgin Connect business. Once the business opportunity has been demonstrated, the companies will sign an agreement on implementation of Bubbletone’s solution into the Virgin Connect business.
“I’m glad to announce that we are starting to collaborate with a telecom company with a global brand name — Virgin Connect. We will showcase that our solution can run smoothly and have a great impact on telecom business. I hope that we will be able to incorporate this telecom company into our ecosystem soon”, said Yuri Morozov, CEO and Founder of Bubbletone Blockchain for Telecom.
“We are looking forward to starting our collaboration with Bubbletone since, thanks to its technological solution, we will have direct access to the international telecom market. As a result, we will be able to find millions of new customers, provide our current clients with a new type of high-quality services and increase our revenue”, said Vyacheslav Reshetko, Director Business Development at Virgin Connect.
About Bubbletone
Bubbletone is the first decentralized global telecom platform that allows mobile network operators, phone users, and service providers to interact securely and directly. The platform enables users to instantly purchase service packages at the rates of local operators using their existing SIM card all over the globe. Meanwhile, service providers can increase the number of clients and revenue without any additional costs. Official website — https://bubbletone.io/.
About Virgin Connect
Virgin Connect, the operating company Trivon-Networks LLC, operates as a subsidiary of Virgin Group — a British multinational corporation venture capital conglomerate. The company provides broadband services and offers telecommunication services, including Internet access and data transfer services. Founded in 2004, the company is based in Moscow, Russia. Official website — https://virginconnect.ru/en/.
