iQSTEL’s blockchain platform development subsidiary, ItsBchain, is targeting to capture 5% MNPA market share during 2021-2023.
United States, June 8, 2021 /AlexaBlockchain/ – iQSTEL, an international provider of Telecom, Technology, Fintech and Blockchain solutions, today announced commercial launch of its new Mobile Number Portability Application (MNPA) Blockchain Platform.
What is MNPA?
The MNPA allows a Mobile End User to easily and quickly change form one Mobile Network Carrier to another in just 3 clicks, compared to the normal MNP system which takes on average 5-7 days.
The MNPA is a product of iQSTEL’s Blockchain platform development subsidiary, ItsBchain. The company had earlier planned to launch it April this year.
ItsBchain is targeting to capture 5% MNPA market share during 2021-2023. Mobile Number Portability Application (MNPA) Platform as a Service (PaaS) market size is approximately $530 million annually.
iQSTEL’s MNPA Blockchain Platform
iQSTEL’s MNPA is anticipated to be an industry gamechanger as it allows Mobile Users to seamlessly change from one Mobile Network Carrier to another.
The Company’s long-term goal is to implement the MNPA PaaS, or as we like to say, Blockchain as a Service (BaaS), with over one billion end users.
The company said that MNPA BaaS will include smart contract functionality and as part of the Blockchain platform, the MNPA will also include a high degree of protection for end user information.