- 00:09 – Bubbletone Blockchain In Telecom
- 03:27 – The Benefits Of Bubbletone
- 06:26 – How Bubbletone Works
- 10:32 – The Bubbletone Team
- 13:07 – Bubbletone Activities On Bitcoin Talk
- 15:19 – Bubbletone Telegram Channel
- 15:57 – Bubbletone One-Pager
- 16:47 – Vision
- 17:56 – The White Paper
- 18:39 – Benefits Of Bubbletone
- 20:03 – Faqs
- 20:24 – What Is The Goal Of Your Project?
- 20:53 – How Is Your System Going To Expand?
- 22:29 – Road Map
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Hey, guys what’s up? Its Dan again from cryptoCamacho.com where each day I help guide you through this crazy cryptocurrency revolution.
00:09 – BUBBLETONE BLOCKCHAIN IN TELECOM
Guys today I want to talk about a specific ICO that I feel has tremendous potential in 2018. These guys are seasoned professionals, seasoned veterans in the telecommunications industry and I think they have a very, very, very compelling idea in how they are going to disrupt the telecommunications industry. Let’s jump right into it guys. I want to review this ICO. I came across this somewhat randomly, and I am loving what I’m seeing and I think there’s a ton a ton of potential here. These guys are trying to create a platform, not necessarily a coin or a token although that is part of the package. They’re trying to really create an overall platform to disrupt the telecommunications industry. Welcome guys to Bubbletone and Blockchain in Telecom. So, essentially what they’re trying to do is, take the telecommunications industry and really turn it upside down, and turn it on its head and integrate it into the Blockchain right. To make it possible for you know people that use this product that uses this platform to really have a mobile provider anywhere in the world under any circumstances. They can literally tap into this telecommunications network and get service on their phone, to be able to make calls internationally so forth and so on. And they could do so without using a SIM card, without using a specific phone number so forth and so on right. And essentially it’s going to be the next generation of how telecommunications companies interact with subscribers, and with other providers right. And that’s exactly what they see here on their website; the first decentralized telecom ecosystem that allows a mobile network operators, phone users, and service providers to interact directly. So, that’s really what they’re trying to do. I already explained a little bit about what Bubbletone users would get, what the advantages would be for them, for mobile operators. The service providers, think of your AT&T; your Comcast your you know your big telecommunications providers at least in the US right. There’s others internationally, but so the mobile operators, the service providers what they would get is any operator can become global without complex network integration. So, what Bubbletone is going to do is, they’re going to allow any local small independent Mobile operator or service provider tap into a global market to get more customers right. Essentially, to serve more customers with telecommunications resources that they may need right. They’ll also get direct access to international telecom market with millions of new customers. So, immediately they’re going to be able to tap into this network, this ecosystem that Bubbletone is creating you know end users and operators will be able to tap into this vast network, to not only you know get more customers, but to also get more resources bandwidth so forth if they need it right. And then lastly, to increase the revenue through distribution of value-added services, which is kind of naturally, goes with building out an ecosystem, such of this magnitude right. So, I want to go through a few things with you guys. They do have a pre ICO going on right now, it ends in 21…sorry 25 days. The current price is 42 cents for UMT tickets. They do require a minimum investment, because I don’t actually know why. I will look through this and find out why. They’re actually asking for a minimum investment, but that’s 42 cents a coin. A little bit higher than I like to typically go, but this play is going to be a massive play. And I want to jump in to the team here, because I think the team is very, very important.
03:27 – THE BENEFITS OF BUBBLETONE
Actually, before I jump in the team let’s go down and let’s look a little bit more at what the benefits are. And I like this section here consider the following benefits; when a SIM card is first sold, the home operator validates the client and sends encrypted digital proof of the client’s validity into a Blockchain. As a result when the client goes to another country there’s no need to provide their ID to get another SIM card. So, immediately they’re going to eradicate and get rid of SIM cards right. That’s been a problem; I’ve travelled internationally to South America, to Eastern Europe so forth and so on. You always got to find your SIM cards, you always got to either replenish or buy new SIM cards. This solution would actually eradicate that and there would be no need for that. You would just literally log into your Bubbletone app and you’ll be able to tap into any one of the operator or service provider networks. They offer you a deal, and then you can make a phone call right without a SIM card okay. That’s kind of the first thing.
Second the roaming operators where only need promptly will only need to promptly offer their services and price quotes and the network will distribute the information, and use it to bill clients itself. So, the billing, the logistical information about the price quotes, about the offer, about the minutes used, about you know how long the location so forth and so on, that will all be programmatic and contained within the Blockchain itself. It’ll all be contained on the network and there will never be a need to kind of keep adding this information if you switch service providers or mobile carriers things like that right. It’ll all be kind of baked into this product, this platform.
Number three the offers will be regulated by the law of supply and demand. So, technical and market share dominance will become less important than, for instance, the quality of service isn’t this cellular communication we always wanted. Yeah so, what they’re basically saying is that, anybody they’re going to essentially…they’re going to equalize the playing field, they’re going to create a level playing field for any service provider. For any mobile operator and really for any end-user, who wants to get good prices right, on using cellular service or to any telecommunications service right. So, that’s what we’re trying to do there.
Number four we are making communication services exponentially, more affordable and are fighting inequality. The cost to use and support our system is significantly less than what you’ll find with other operators today right. And I think that’s true; I mean if you live in the US, you have AT&T, you have Comcast, you have T-mobile, Verizon. There are a handful of these service providers and they essentially dominate and monopolize the market, because if you go you know from one to the other, from Sprint to Verizon, to AT&T, the prices are all very similar right. The contract structure is all very similar. The amount of minutes or Data roaming you get is all very, very similar, because they’ve been essentially monopolized. What Bubbletone is going to do is, they’re going to break down those monopolies; in an equalize playing field. So, really…so, anybody can get an affordable rate on any telecommunications service they want like they wanted to place phone calls and whatnot.
Okay so, that’s the next thing. Number five our system has many technological advantages (and some shortcomings, of course). For more information see the project’s white paper. Okay so, we’ll jump over to the white paper in just one second here, but I also want to jump down into how it works okay.
06:26 – HOW BUBBLETONE WORKS
Telecom 2.0 Blockchain replaces old-fashioned and costly roaming technology totally by implementing smart contracts into mobile operators interactions. So, they’re replacing the old roaming technology and they’re essentially replacing it with Blockchain technology which is smart contracts. And they’re integrating that with mobile operators and how they interact with end-users. Very, very cool stuff guys. I know this might be a little bit difficult to understand, but bear with me we’re going to go through this. I think the good ICOs the ones that have merit, the ones that have value; they are sometimes a bit more complicated to understand their business plans, are a bit more complicated, more drawn out and will take a longer time to develop. These guys have the chart and I’m going to show you here in just a seconds. So, next, the Blockchain in telecom is based on proof of importance consensus to process millions of smart contracts, between mobile operators around the world. And this truly is a multi multi-million, if not billion end-user industry right. I mean everybody needs a phone call, everybody needs a phone, everybody needs to be able to make phone calls, everybody needs telecommunications resources and that’s exactly what these guys are providing. Here’s a little diagram of how it works. I’ll walk through this a little bit, but not too much you could go to this website bubbletone.io and check it out yourself. But essentially any mobile operator can publish its own tariff plans as smart contracts, or an offer right. They can give an offer to end-users. And these offers will be available to any operator and their subscribers right. So, any other operator, any other service provider and all of the end users on the network will see what your offer is, if you are an actual mobile operator right. So, again equalizing the playing field
The number two request for mobile services abroad. So, this would be like an end-user right. Like a subscriber, like me; I’m coming, I need some sort of service to make you know mobile phone calls or some sort of telecommunications call right. And I need that, so I would go and I would actually search in the Blockchain on this network to find the best offer for me based on what my need is. Do I need to make an international call? Do I need to make a local call? Do I need you know a lot of minutes? Do I need only a few minutes? It’ll all be baked in and these offers will be really self selected by end users, based on what you need right. So, they’re again equalizing the playing field, making it completely open in terms of what offers, what providers, what services you can actually secure, and then making sure those transactions can be fulfilled and executed over the Blockchain right. And we know that Blockchain is secure. So, we know the transactions in the Blockchain will remain, won’t be hacked. They won’t be hidden, there won’t be scams, or anything like that. So, so pretty cool stuff guys um let’s see.
Okay number three smart contract request with digital identity hash and financial transaction.
Number four and five; servicing the subscriber directly by downloading its own mobile profile on to a SIM card over-the-air; so like a virtual SIM card within the Blockchain, itself. very cool stuff guys. So, now I do want to get down a little bit down here, because there is an opportunity for end users like you and me to actually make money by becoming a node, if you will. Which is essentially becoming a mobile operator right. So, if I wanted to become a node, I can buy these Bubbletone coins, and I can actually become a mobile operator myself, and I can present offers so forth and so on. And people can use my tokens, my UMT tokens and I will actually get paid for that. Okay so, let’s read through this a little bit further. The process of creating and executing smart contracts is seamless for subscribers, and takes about a minute direct connection to a local operator provides low rates, and high LTE quality with management using Bubbletone mobile app having a hundred useful functions. Crypto holders which would be somebody like me or you anybody who’s investing in this particular ICO, could set up their own nodes to earn universal mobile tokens on smart contract processing. Growing demand and limited offer of tokens provide a great revenue stream for each participant. So, the more tokens you have, the more you can lend out, the more subscribe end user subscribers will utilize those tokens to actually do whatever telecommunications work they need to do and you will get paid for that. And here’s a little diagram of how that works. You know it just basically shows kind of the journey of how that would actually happen. And how you’d make money, you can look through it; you can sign up here if you’d like.
10:32 – THE BUBBLETONE TEAM
Okay so, now let’s jump in to the team. First guys, they already have two hundred forty thousand subscribers right. They have 50 engineers, and ten thousand POS right. So, they have an app you could download it now, you can go look at it, you can go play with it. They actually have a real product here guys. This isn’t something just pie in the sky and in the air. They have an actual product a lot of ICOs don’t. That’s another bonus and plus for me. Global mobile data exchange with local tariffs in any countries blah-blah-blah-blah. I think you guys kind of get that what I would like to do. Let’s see what are the advantages? I’ll come back to this here and just to say. So, the team; I’d really like to highlight the team, because I think they are a very, very strong team. They’re actually a very large team if you kind of just scroll through here. They’re a big team Yury Morozov and Oleg Pravdin are the founders of this company. Let’s quickly jump over to their LinkedIn profiles. They’re veterans right. Yury is a founder of four active telecommunications companies with 50million annual revenue. Oleg is telecom visionary founder of three start-ups in the USA, China, and Russia. Let’s quickly jump over to Yury’s profile in LinkedIn here. He’s the founder and CEO of BubbleTone.io obviously, you can see that. He has let’s see here let’s go through his credentials. This talks about Bubbletone.io which I’ve talked about a little bit already, he’s the chairman of the board for Countrycom. He’s the CEO of Express Telecom telecommunications provider for 16 years and he went to school in Moscow right. So, this guy has a tremendous amount of experience in the telecommunications industry. He’s a seasoned to bet, he’s been here before, he started multiple companies in this space at which I love, when I see a product like this, or in platform like this right. Oleg he is Blockchain telecom, director for Bubbletone. Let’s look at his background, he’s a co-founder obviously and a managing director and he’s also the founder and CEO of ComfortWay, you can go ahead and look at it’s another mobile internet type of technology. So, again experience in the telecommunications industry. He’s founder of and CEO of MetroNet for six years. He…let’s see for four years he was founded a ComfortWay. So, again this guy has a ton of experience in the telecommunications industry. Something else I like to see and if you kind of look through here you’re going to notice that, these folks have a lot of experience you could look at all their LinkedIn profiles. I’m not going to go through every single one of them, but they have experience in Blockchain. They have experience in telecommunications and they are ripe to build this platform out and I think it’s very, very exciting guys okay.
13:07 – BUBBLETONE ACTIVITIES ON BITCOIN TALK
So, what else? I do want to touch on one other thing…there are actually a couple other things here real quick, If you go down and look at their profile at the bottom here, and ok and you go to like some of these profiles right. You can go to Bitcoin talk forum; you can go to like their telegram. Yeah their telegram messenger group, Facebook so forth and so on. I was taking a look at them in and there’s a lot of activity. There’s a lot of interest in this technology. If you just go to Bitcointalk.org. Again you can go to bubbletone.io and you can navigate to this page, but if you’re on Bitcoin talk, and you’re looking at it, look at, it was posted…the first post was let’s see December 27, 2017 and they already have 50 pages of comments. That’s not an easy thing to achieve on Bitcointalk.org. If you’ve ever used it, 50 pages is a lot of comments, a lot of engagement, and a lot of people interested in what they’re doing. You can read through this I mean I’m not going to go through all the details on Bitcointalk, but essentially this gives their product vision, and what they’re doing and you can go through and look at it a bit deeper, but look at some of these comments. I mean they present it at different conferences you know. I’m sure that it’s going to be one of the biggest ICOs in 2018. Welcome everyone to the Bubbletone thread, we’d love to participate. Thanks for the cheers, good to see you. Where can I find more information? Let’s go to some of the more recent comments. If you go to the end page here today, there were some comments today right. And they give instruction and you know more specific details about how the technology works. I’m going to go back a page, just see if I can find more comments. You are saying the operators were joined for free, I hope you can do generation… so, I’m not going to go through all of these, but this shows that people are very, very interested, very, very active community you know people want to know how Bubbletone will work and that’s a really good sign to me. Because that shows that people are interested. They don’t think it’s a scan, they think it’s a viable business model and they think it’s you know an opportunity, and that’s huge for me, when looking at an ICO right. A lot of ICOs are scamming, this one certainly is absolutely not a scam. It’s definitely viable as a viable business off model. And I’m going to go into the white paper in just a second, but I want to look at the telegram Channel really quick as well.
15:19 – BUBBLETONE TELEGRAM CHANNEL
Already on their telegram at channel, they have about 2500 members. You can go and join that group. I may join this a little bit later as I start to invest in this ICO, but go ahead and check that out. I think they’re trying to grow this group and I think you’d be good to go and join it to ask any questions may have, before actually investing in the ICO. Again I think that’s another positive sign that they have all these social media profiles built out and they’re actually engaging with people that want to invest. That’s a very strong sign to me, showing that this is not scamming and that it’s a viable plan here okay. So, next I want to go in to the white paper here.
15:57 – BUBBLETONE ONE-PAGER
First let’s look at the one-pager guys. The one pager really kind of ties this all together. It really outlines what the vision is, and what Bubbletone is trying to do. The reason I’m spending a little bit more time on this is, because I really want you to be able to you know to understand what they’re doing, how it works because it is a very sophisticated model that they’re building out and very powerful right. So, just in a nutshell, users will have the ability to make calls and use data travelling worldwide at great local rates with direct connection to local operators right. No longer will you need to use your big operator, you know that you may have at home while you’re travelling international. You can just literally tap into the network, and tap into any local operator and make a call. Again no need to change your SIM card or phone number and next-generation messaging app so forth and so on. operators I’ve already kind of gone through that okay.
16:47 – VISION
So, vision we directly connect mobile network operators and end-users globally on our Blockchain based market place, as a mobile operator in Europe with over 20 years in telecom. We are going to leverage this Blockchain platform to enter the global market, and offer it to all operations. So, they’re creating a telecommunications marketplace that is key here guys. There are a lot of data marketplaces popping up. There’s a lot of insurance marketplaces popping up. There’s healthcare marketplace is popping up. This is an attempt to create a telecommunications marketplace, which I think is a very, very smart idea, actually very, very cool okay. With Bubbletone Blockchain travellers can swiftly become legitimate local customers of any foreign operator in the country they are travelling to. They don’t need to replace their SIM card, and they retain their home number, again a very, very cool feature at very, very low charges. I’ve travelled again to Argentina, to South America all over really, to Russia, to other parts of Eastern Europe. And you literally have to go and get a local phone, a local phone number or you have to use your provider like AT&T or Comcast from home, but then they charge you exorbitant rates, and very, very high fees to talk internationally, so not ideal situation guys. Again okay look through this one pager on your own I’ve gone through most of this, so I won’t too much anymore.
17:56 – THE WHITE PAPER
Now the white paper; I want to go through the white paper here just for a moment. It’s pretty extensive it’s 36 pages. I’m not going to go through the whole thing obviously, but I want to go through the highlights like some of the benefits right. What we have today .this is important. They have an operational platform that is able to upload mobile profiles of subscribers sim cards. They operationalize an applet certified by one of the world’s largest sim card manufacturers over. They have a beta version of the messenger which with a playful named Bubbletone, but serious with serious technological capabilities. You could download that on the Google Market…sorry Google Play or on the Apple App Store. You can download it, you should go download it, go play around with it and see how it works okay.
18:39 – BENEFITS OF BUBBLETONE
So, let’s see I want to get down to the benefits here okay. What are the benefits? So, the benefits are transactions or that transactions are incontestable operations conducting the Blockchain are nearly impossible to fake, or hide. This factor is important both for operators and their clients. So, whatever you do on their platform cannot be broken, can’t be hid, and can’t be cheated. It can’t be faked or anything like that right. The data is safe. So, whether you become a node, whether you become an end-user, that data is safe. So, an entire Blockchain is kept on many nodes, within the network in many copies. So, the chance of data loss is extremely low as is the case with any technology that’s built on Blockchain. The transaction error rate is minimized as each action is controlled by strict code on the operators nodes. Less traffic is transmitted among operators. All interactions are now conducted via decentralized P2P network. Very, very cool. Any additional code the system runs on is void of sensitive information that could be stolen. The only data requiring protection are the private keys of the participants. So, the people that are actually lending out the tokens, the UMT tokens. Other benefits of a specific Blockchain are given below, and then it kind of goes through a number I’ve already gone through some of these benefits here. You can more and then it really kind of breaks down what they’re trying to do, their growth projections, you know how the technology actually works so forth and so on. Hardware you would need you know to become a mobile operator and so on. And that’s really it guys in a nutshell. I mean…I think let me check…let me see if there’s anything real quick.
20:03 – FAQs
Let me jump over the FAQ because I think the FAQs will answer quite a bit, how I can buy tokens, what cryptocurrencies are accepted? Which wallet, that’s always a big question. To receive UMT compliant you need the Ether wallet. You can use my Ether wallet guys. That’s what I use and it looks like you can do the same thing ERC – 20 compliant which my Ether wallet is. So, you can use that right.
20:24 – WHAT IS THE GOAL OF YOUR PROJECT?
What is the goal of the project? The goal of Bubbletone Blockchain platform is to eliminate all long, complex and costly inter-operator roaming procedures and to create a new market for thousands of telecom carriers opening affordable mobile services for silent roamers. Our Blockchain in Telecom ecosystem provides direct interaction between mobile operators and service-providers via smart contracts. Very cool, they’re disrupting that entire industry guys.
20:53 – HOW IS YOUR SYSTEM GOING TO EXPAND?
How is your system going to expand? The Bubbletone ecosystem will expand through 3 main agents:
- New mobile operators;
- New users to the Bubbletone messenger;
- And new service providers right. (TV, music.)
And I can see how this would expand out into more than just like phone calls and subscriber carriers right. You can already see TV, music, cloud services. they’re going to expand this out into many, many other areas of telecommunications and media. And it’s very, very interesting how they’re going to do this, and there’s some similar aspects of actually of Tron right. Where they’re going to potentially be looking at content to leverage, content on their Blockchain ecosystem and essentially form it out to other people and pay back creators, content creators for the content that they made. I’m not saying that’s what they’re doing exactly right now, but in the future I can see them doing that. Building that out as part of their business model; this business model I could just see has a lot a lot of potential, a lot of options or use cases and how they can use it. Because again guys they’re building out a platform. They’re not leveraging something and building it out like they’re not leveraging you know Blockchain and just making it token, they’re actually building a platform in an ecosystem, which I love to see, similar to IOTA, similar to Stellar Lumens similar to you know there’s a lot of platforms with a particle that I just mentioned the other day. Platforms, platform, platforms, guys; the name of the game for ICOs to me is platforms, not necessarily coins and I love this, because that’s exactly what they’re doing in a multi-billion dollar industry that we call telecommunications. So, alright so I think that’s all I really wanted to go through here.
22:29 – ROAD MAP
I do want to take a look the roadmap here real quick with you guys okay. Initial version of smart contracts ready Q1 web API Q2 which is great; This is all going to move pretty fast global mobile profile approval by the International Telecommunication Union Q3. Q4 expanding list of mobile operator; this is awesome yep 2019. So, this year is their year and they’re going to be working very, very quickly. It looks like according to the roadmap which in Q1 we’ll be able to see you know the results at the end of Q1. They also have a road show going on, so if you’re in London or Barcelona on any of these dates; you can go see them personally, go talk to them personally. They’ll be in Singapore; they’ll be in Santa Clara California which is close to where I live in the Silicon Valley on November. I will probably try to make it there. If I can because I’m very interested in what they’re doing here, but again guys I hope you find this interesting? I’d love to know your thoughts on this and I’d love to know if you think this is a viable ICO, a viable project that they’re building out. They’ve obviously put a lot of resources into this; they’ve obviously put a lot of effort into this. They’ve been doing this for quite some time. The founders and team have been around in the telecommunication space for a very, very long time. So, I would love to know your thoughts on this one guys. I think this has some tremendous potential. I’m Dan again from cryptoCamacho.com I hope this was helpful for you guys? And again if you haven’t subscribed please do subscribe to my YouTube channel by clicking on that red button. See you guys next time.