Conflux and China Telecom begin first on-chain interaction with Blockchain SIM cards – Blockchain News, Opinion, TV and Jobs
Conflux NetworkChina Telecom’s first regulatory-compliant public blockchain and global communications network, China Telecom, today unveiled its co-developed Blockchain SIM (BSIM) card at the Xuhui District West Bank Artificial Intelligence Center in Shanghai.
The world’s first BSIM card is a mobile user identification card based on blockchain technology. With an appearance nearly identical to a traditional SIM card, the BSIM card is fully compatible with major mobile terminal systems such as Android and iOS. It also offers 10-20 times more storage space than a traditional SIM card and several dozen times more computing power.
In addition to traditional communication functions, BSIM cards can also generate and store users’ public and private keys on the card. By carrying out digital signatures in a “private key never leaves the card” manner, the card reduces the risk of a user’s mobile terminal being the target of malware and virus software attacks. In addition, BSIM cards can implement encrypted storage, key recovery functions, and even integrate traditional U-shield functions. Leverages the advantages of BSIM card hardware security to protect users’ private keys. Currently the safest and most convenient Web3 user terminal entry solution available.
During the launch event, Dr. Wu Ming, CTO and Co-Founder of Conflux Network, successfully transferred the Alert NFT from China Telecom and Conflux Partnership by pressing the send button within the app. This marked the first public use of BSIM cards on-chain, as NFTs were moved from the Shanghai Conflux Research Institute’s BSIM card account to China Telecom’s BSIM card account.
Wu Ming of Conflux stated: “From now on, all mobile communication users can obtain a more secure digital identity through mobile terminals and access Web3 and the metaverse with minimal technical barriers. Blockchain technology has grown beyond its reputation as a complex and inaccessible concept, turning into an infrastructure that is truly practical for implementation in the global economy and people’s everyday lives.”
Li Anmin, Deputy Dean of the Research Institute at China Telecom Group added: “We are committed to working closely with Conflux Network in developing and promoting practical communication solutions tailored to meet the real needs of users. The BSIM card is only the first step as we collaborate in exploring a wide variety of additional application scenarios and products, made possible through the innovative integration of blockchain technology with advances in modern communications.”
The BSIM card will be trialled in Hong Kong before being gradually introduced to mainland and overseas markets.
Crowds is a permissionless Layer 1 blockchain that connects a decentralized economy across borders and protocols. Recently migrated to a hybrid PoW/PoS consensus, Conflux provides a fast, secure, and scalable blockchain environment with zero congestion, low fees, and greater network security.
As the only regulatory-compliant public blockchain in China, Conflux provides unique advantages for project development and expansion into Asia. In the region, Conflux has collaborated with global brands and government entities on blockchain and metaverse initiatives, including the city of Shanghai, McDonald’s China, and Oreo.
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