Bubbletone, the world’s first blockchain for telecom, announced this week that renowned investor and crowdfunding pioneer, David Drake, Chairman of LDJ Capital, will be joining the new telecom platform as an advisor. Drake will steer the company’s ICO investor relations, product and media strategy, and business development activities.
Bubbletone Founder and CEO, Yury Morozov, says he is delighted that the crowdfunding visionary and trusted business advisor has jumped on board. “With his vast blockchain experience we now have even more resources to transform the telecom industry and deliver a breakthrough, cost-effective solution for network operators, customers and service providers alike.”
David Drake is well-known and respected across both blockchain and financial industries and has been involved in technology, media, telecoms, realty, hospitality, cleantech, energy and social impact investments for more than 25 years. It’s Drake who is largely responsible for the success of crowdfunding as we know it today. Through his financial media company, The Soho Loft Media Group, he brought together the Security and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA), in order to establish a legal framework for crowdfunding. He and other industry giants founded the Crowdfunding Professional Association (CfPA) and the Crowdfund Intermediary Regulatory Advocates (CFIRA). Today these associations work closely with SEC and FINRA in order to provide oversight of the crowdfunding industry. Through his management firms, Drake manages over 1.5 trillion USD in assets and has access to over 100, 000 investors globally.
David Drake says he decided to join Bubbletone as an advisor, because he believes the telecommunications market is ready for a tech revolution, and Bubbletone is at the vanguard. “Through smart contracts, this Bubbletone ecosystem allows the quickest and most cost-effective process in bridging end-users, mobile operators, and service providers, effectively decentralizing the industry,” says Drake. “The innovation introduced by this firm is definitely one worth following,” he adds.
Indeed, the platform promises to do away with old-fashioned and costly telecoms roaming technology. It allows users to access telecom services directly from operators, eliminating complex roaming and inter-operator procedures. Mobile carriers can create prepaid tariff plans known as Offers, which are visible to all Operators and subscribers planning to travel abroad. Once a subscriber selects an Offer, a Request is initiated, and a smart contract is created. As soon as the transaction is complete, the subscriber can make use of any data and voice services at great rates just like a local mobile network customer in the country they are traveling to. Besides, subscribers don’t need to replace their SIM card, and they retain their home number. According to Bubbletone, the process of creating and executing smart contracts is seamless and takes about a minute.
The Blockchain ecosystem eliminates hundreds of intermediators, dramatically reduces costs of mobile services and saves years and millions of $$ on implementation of the old-fashioned and ineffective roaming technology. Moreover, any online service provider can distribute its own Offers like music subscription, TV or cloud services directly among multimillion customer bases of mobile operators internationally. Bubbletone Blockchain is now conducting its private-presale to fund further development of the new system. Pre-ICO will run from January 20, 2018 through February 15, 2018. ICO will begin on March 20, 2018 and end May 1, 2018. The initial offering will start at USD 0.50 per token.
For more information, please visit: www.bubbletone.io.