TessaB Unveils Findings From “Future of Mobile Phone Supply-Chain Market: A Real-Life Consumer Application for Blockchain” Webinar

TessaB Corp., a technology company developing a blockchain platform to solve market inefficiencies in the used mobile phone industry, unveiled interesting findings following a webinar earlier this month. The webinar titled – “The Future of the Mobile Phone Supply-Chain Market: A Real-Life Consumer Application for Blockchain” included research firm IDC, NEAR Protocol and was moderated by Yahoo Finance Editor Javier David. The discussion, sponsored by CommPro, highlighted new growth and consumer trends in the used phone market and how TessaB’s Glyde Marketplace  is changing the way phones are bought and sold using blockchain and AI.

As we have become ever more dependent on mobile phones, and blockchain continues to grow, the purpose of this webinar was to inform participants of a real-life consumer use case for blockchain that is solving inefficiencies within the telecom and mobile phone space.  The discussion focused on how consumer marketplaces can be created leveraging blockchain, smart contracts, and AI. Furthermore, following the global pandemic, the discussion highlighted the impact on the supply-chain and the growing importance of sustainability, where blockchain can make a big difference.

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“Our view is that the mobile phone supply-chain market needs to be made more efficient and middlemen should be replaced by technology with data management tools on one underlying platform such as the blockchain. There is no better technology that will allow us to bring transparency and disintermediate an over $60 billion dollar marketplace for the benefit of the consumer and that is what TesssaB is focused on achieving within the second-hand mobile industry,” said Flavio Mansi, CEO of TessaB.

“Everyone is talking about blockchain and thinking about it as cryptocurrency and bitcoin, but what we’re doing with TessaB and the Glyde Marketplace is a very tangible application of the usage of blockchain and smart contracts,” commented, Andrew Weisselberg, Head of Customer Experience, Glyde Marketplace.

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“Although the COVID-19 pandemic has posed challenges for secondary market participants around able-bodied workers and logistics, most of the industry has been able to satisfy demand for refurbished smartphones. Once the pandemic begins to fade, those that were able to invest in technology will be well-poised to prosper during the recovery. The global market for used phones is huge, is now forecast to be worth $65 billion by 2024,” said, William Stofega, Program Director, Mobile Device Technology and Trends at IDC.

“NEAR was developed from the ground-up to support consumer-facing use-cases with scalability and usability in mind for practical consumer needs. The experience allows it to scale for the consumer and that’s where a marketplace like Glyde comes in, which was built leveraging NEAR. The technology fades into the background allowing easy applications to perform for customers interacting within this ecosystem providing buyers and sellers a higher level of transparency and security, thereby cutting out the many industry middlemen to keep prices down,” said Erik Trautman, CEO of NEAR Foundation.”

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