According to CoinDesk, it was previously reported that blockchain platforms TBCASoft, IBM and Japan's Softbank Group announced a partnership to transform the telecommunications industry through cross-operator blockchain solutions. TBCASoft and Softbank, Sprint, and FarEasTone jointly established the Carrier Blockchain Research Group (CBSG), which includes LG U+ and KT in Korea, Axiata in Malaysia, Indonesian International Telecommunications Corporation, Turkcell in Turkey, and PLDT in the Philippines. The October 22 announcement did not provide much detail about the terms of the agreement between the three companies, but the announcement states that TBCASoft will use the IBM blockchain platform. An IBM spokesperson clarified by email: "This is a business relationship. IBM did not join the alliance."