Conflux and China Telecom debut first chain interaction with Blockchain SIM card
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Chain wire
Conflux and China Telecom debut first chain interaction with Blockchain SIM card
16 May 2023 / 10:00 GMT/BST
The issuer is solely responsible for the content of this announcement.
Toronto, Canada, 05/16/2023, Chainwire
Conflux Network, the first regulatory public blockchain in China, and global communications network China Telecom today unveiled their jointly developed Blockchain SIM (BSIM) at the Xuhui District West Bank Artificial Intelligence Center in Shanghai.
In a world first, the BSIM card is a mobile user identification card based on blockchain technology. With an appearance almost identical to traditional SIM cards, the BSIM card is fully compatible with common mobile terminal systems such as Android and iOS. It also has storage space 10-20 times greater than traditional SIM cards and data power several dozen times greater.
In addition to traditional communication functions, the BSIM card can also generate and store users’ public and private keys on the card. By performing digital signatures in a “private key never leaves the card” manner, the card reduces the risk of users’ mobile terminals being targeted by malware and virus software attacks. Furthermore, the BSIM card can implement encrypted storage, key recovery functions and even integrate traditional U-shield functions. Leverage the hardware security benefits of the BSIM card to protect users’ private keys. It is currently the most secure and convenient Web3 user terminal solution available.
During the launch event, Dr. Wu Ming, CTO and co-founder of Conflux Network, transferred a memorable NFT from China Telecom and Conflux Partnership by pressing the send button in the app. This marked the first public use of the BSIM card in the chain, as NFT was transferred from the BSIM card account of the Shanghai Conflux Research Institute to the BSIM card account of China Telecom.
Dr. Wu Ming of Conflux stated: “From now on, all mobile communication users can obtain a more secure digital identity through mobile terminals and access the Web3 and the metaverse with minimal technical barriers. Blockchain technology has evolved beyond its reputation as a complex and inaccessible concept, transforming into a truly practical infrastructure for applications in the global economy and people’s daily lives.
Li Anmin, Vice Dean of Research Institute at China Telecom Group added: “We are committed to working together with Conflux Network to develop and promote practical communication solutions tailored to meet genuine user needs. The BSIM card is only a first step as we collaborate on to explore a variety of application scenarios and ancillary products, made possible through the innovative integration of blockchain technology with modern communication advances.
The BSIM card will be piloted in Hong Kong before being gradually introduced to mainland and overseas markets.
About Conflux Network
Conflux is a permissionless Layer 1 blockchain that connects decentralized economies across borders and protocols. Recently migrated to hybrid PoW/PoS consensus, Conflux provides a fast, secure and scalable blockchain environment with zero congestion, low fees and improved network security.
As the only regulatory public blockchain in China, Conflux provides a unique advantage for projects building and expanding into Asia. In the region, Conflux has partnered with global brands and government entities on blockchain and metaverse initiatives, including the city of Shanghai, McDonald’s China and Oreo.
Contact
Melissa Tirey
[email protected]
Dissemination of a COMPANY NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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