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World Mobile Joins GSMA

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World Mobile, the first mobile network built on blockchain and run by the people, has become a member of GSMA, the global organisation unifying the mobile ecosystem.

World Mobile is the first mobile network built on blockchain. With nearly four billion people left offline, digital exclusion is a significant problem. Unlike traditional mobile networks, World Mobile works with local businesses and entrepreneurs, giving them the power to connect their local communities via a sharing economy. World Mobile’s hybrid network utilises both air and ground assets to deliver network coverage in rural areas where previously it was not possible.

World Mobile recently announced it will be launching in Zanzibar in Q3, followed by launches in mainland Tanzania and Kenya and then a roll-out across Africa and the world. It is the first step in its mission to help bring four billion people online before 2030, in line with the UN and World Bank’s Sustainable Development Goals.

The World Mobile approach is built on blockchain technology and environmental sustainability, based on creating a ‘sharing economy’ where local entrepreneurs can share in the ownership and the rewards that the network generates. World Mobile’s mission to deliver digital IDs and digital wallets, whilst focussing on data privacy, goes beyond connectivity to really connect the unconnected and bridge the digital divide.

“World Mobile services are crucial in the evolution of the mobile ecosystem. It is great news that World Mobile, a worldwide leader in first mobile network built on blockchain and the sharing economy has decided to join GSMA to participate in Wholesale Agreements & Solutions Group (WAS), and also to gain from the benefits of the GSMA membership”, said Barney Stinton, Head of Membership, GSMA

 Micky Watkins, CEO of World Mobile said: “It was a natural step for us to join GSMA as it represents mobile operators and organisations across the mobile ecosystem and adjacent industries and some of the brightest and best minds in these sectors, which we will look to utilise to bring connectivity to the four billion people around the world who are unconnected.”

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

Telecommunications

Airtel Commences Financial Operations, Activates Smartcash Payment Service Bank in Nigeria

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Airtel Africa - Investors King

Airtel has announced that it has officially commenced the operation of its Financial Technology (Fintech) subsidiary, Smartcash Payment Service Bank in Nigeria. 

While reassuring its commitment to providing financial solutions to Nigerians, Airtel Africa said the new payment solution will start gradually and subsequently expand to other parts of the country. 

Investors King recalls that in November last year, Airtel received approval in principle from the Central bank of Nigeria to operate the subsidiary payment service in Nigeria. 

In an official statement made available to Investors King  and signed by the Airtel Group Secretary, Simon O’Hara, the company noted that SmartCash Payment Service Bank Limited (‘SmartCash PSB’) Services will initially be available at selected retail touchpoints, and operations will be expanded gradually across the country over the next few months. 

“I am very excited to announce our commencement of operations for financial services in Nigeria through SmartCash PSB. This is the beginning of our journey to revolutionise the financial services landscape in the country.

“To help further digitise the economy, and most importantly to help bank the unbanked by reaching the millions of Nigerians who do not currently have access to financial services by delivering current and savings accounts, payment and remittance services, debit and prepayment cards and more sophisticated services”, Airtel Group Chief Executive Officer, Segun Ogunsanya said.

Airtel Africa is a leading provider of telecommunications and mobile money services, in 14 countries across Africa, today announces that its subsidiary has commenced operations in Nigeria. 

 

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Telecommunications

Canadian Government to Restrict Chinese Huawei, ZTE from its 5G Networks

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Canada has said it will ban two of China’s biggest telecom equipment makers from working on its 5G mobile-phone networks.

The Canadian Industry Minister, Francois-Philippe Champagne disclosed the restriction against Huawei and ZTE on Thursday. He said the move will improve Canada’s mobile internet services and “protect the safety and security of Canadians.”

“This is about providing a framework to protect our infrastructure. In a 5G world, at a time where we rely more and more in our daily lives [on] our network, this is the right decision,” Mr Champagne said while speaking to reporters in the Canadian capital of Ottawa. 

Investors King has it that this decision by Canada has been widely expected, as its allies had already barred Huawei and ZTE from their own high-speed networks.

This means that telecoms firms in the country will no longer be allowed to use equipment made by Huawei and ZTE.

“Companies that have already installed the equipment made by the Chinese manufacturers must now remove it,” Mr. Champagne added.

Four nations had already placed the same restriction on the companies. They include the United Kingdom, United States, Australia and New Zealand.

Canada with these other five countries make up an intelligence-sharing arrangement named ‘Five Eyes’ which evolved during the Cold War as a tool for monitoring the Soviet Union and sharing classified information

The Fifth Generation network is the next upgrade to mobile internet networks, offering much faster data download and upload speeds.

It also allows more devices to simultaneously access the internet. It comes as data usage is soaring, as the popularity of video and music streaming grows. This is pushing governments and mobile phone network operators to improve their telecommunications infrastructures.

Canada first announced a review of Huawei equipment in September 2018. The Chinese embassy in Ottawa, Huawei and ZTE did not immediately respond at the time of publication.

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Telecommunications

NCC Raises Alarm of New Vehicle Hacking Techniques

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Nigerian communications commission

The Nigerian Communications Commission (NCC)  has issued a warning to the public about a new hacking technique that allows hackers to access and hijack vehicles.

Investors King recalls a similar issue reported some months back on phone and telecom users’ cyberattack schemes that were detected by NCC’s Computer Security Incident Response Team.

Ikechukwu Adinde, NCC’s director of public affairs (DPA), made this known in a statement on Sunday in Abuja.

According to Adinde, the newest alert issued by the NCC’s Computer Security Incident Response Team (CSIRT) stated:

“The fact that car remotes were categorized as short-range devices that make use of Radio Frequency (RF) to lock and unlock cars informed the need to alert Nigerians on this emergent danger.

“The vulnerability is a Man-in-the-Middle (MitM) attack or, more specifically, a replay attack in which an attacker intercepts the RF signals normally sent from a remote key fob to the car.

“It manipulates these signals and re-sends them later to unlock the car at will.

“With this latest type of cyber-attack, it is also possible to manipulate the captured commands and re-transmit them to achieve a different outcome altogether.

“Multiple researchers disclosed a vulnerability, which is said to be used by a nearby attacker to unlock some Honda and Acura car models and start their engines wirelessly.

“The attack consists of a threat actor capturing the RF signals sent from your key fob to the car and resending these signals to take control of your car’s remote keyless entry system,” the advisory stated.

He did say, however, that the NCC-CSIRT has suggested certain preventative measures or solutions in the warning that car owners may use to avoid becoming victims.

The only way to avoid being affected, according to the commission’s cyber-alert unit, is to reset your key fob at the dealership.

“Besides, the affected car manufacturer may provide a security mechanism that will generate fresh codes for each authentication request, this makes it difficult for an attacker to ‘replay’ the codes thereafter.

“Additionally, vulnerable car users should store their key fobs in signal-blocking ’Faraday pouches’ when not in use.”

He urged automobile owners in these categories to choose Passive Keyless Entry (PKE) rather than Remote Keyless Entry (RKE), which would make it more difficult for an attacker to read the signal because crooks would need to be within close range to commit their crimes.

He further explained that the PKE is a vehicular safety feature that opens a door on approach or when the door handle is pulled when the user is in direct range to the car.

He further stated that when walking away or exiting the automobile, the user locks it.

He went on to say that the RKE system, on the other hand, is the industry standard for remotely enabling or disabling a vehicle’s doors and storage area.

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