Conflux and China Telecom debut first on-chain interaction with Blockchain SIM card

2023-5-16 12:03

Toronto, Canada, May 16th, 2023, Chainwire

Conflux Network, the first regulatory compliant public blockchain in China and global communications network, China Telecom, today unveiled its jointly developed Blockchain SIM (BSIM) card 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 nearly identical to traditional SIM cards, the BSIM card is fully compatible with mainstream mobile terminal systems such as Android and iOS. It also boasts storage space 10-20 times larger than traditional SIM cards and computing power several dozen times greater. 

Alongside traditional communications functions, the BSIM card also can generate and store users’ public and private keys within 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. Leveraging the hardware security advantages of the BSIM card to protect users’ private keys. It is currently the safest and most convenient Web3 user terminal entry solution available.

During the launch event, Dr. Wu Ming, CTO and Co-Founder of the Conflux Network, successfully transferred a Commemorative NFT of the China Telecom and Conflux Partnership by pressing the send button within the app. This marked the first on-chain, public use of the BSIM card, as the NFT was transferred from the BSIM card account of Shanghai Conflux Research Institute to the BSIM card account of China Telecom.

Dr. Wu Ming from 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 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, Deputy Dean of the Research Institute at China Telecom Group added: “We are committed to working alongside Conflux Network in developing and promoting practical communication solutions tailored to meet genuine user needs. The BSIM card is just a first step as we collaborate in exploring a diverse range of application scenarios and supplementary products, made possible through the innovative integration of blockchain technology with modern communication advancements.”

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 connecting 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-compliant public blockchain in China, Conflux provides a unique advantage for projects building and expanding 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.

Contact

Melissa Tirey
[email protected]

The post Conflux and China Telecom debut first on-chain interaction with Blockchain SIM card appeared first on CaptainAltcoin.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

High Performance Blockchain (HPB) íà Currencies.ru

$ 0 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.00 %
Cåãîäíÿ L: $0 - H: $0.0064459
Êàïèòàëèçàöèÿ $0 Rank 99999
Öåíà â ÷àñ íîâîñòè $ 0.0910131 (-100%)

blockchain china sim card network conflux telecom

blockchain china → Ðåçóëüòàòîâ: 126


Ôîòî:

Will the ‘China Blockchain Narrative’ Lead the Cryptocurrency Market in 2020?

Now that China has the worst of the COVID-19 pandemic tentatively under control, it is once again looking at emerging technologies to give itself an edge. Could its blockchain focus be the dominant narrative for the cryptocurrency market in 2020? The pandemic may have stalled China’s blockchain aspirations temporarily, but the country is slowly but […] The post Will the ‘China Blockchain Narrative’ Lead the Cryptocurrency Market in 2020? appeared first on BeInCrypto.

2020-4-17 16:10


Ôîòî:

Will China Adopt Blockchain for its Social Credit System?

They said blockchain would bring freedom by challenging world governments and greedy financial institutions. But what if blockchain is the ideal tool to enable totalitarianism? What if China Moves its Social Credit System to Blockchain? A few weeks ago, Chinese President Xi Jinping surprised the world by calling blockchain an important breakthrough, and announcing extra funding for the technology.

2019-11-15 21:00


Will China Reconsider Bitcoin Exchanges in a Bid to Bank Big on Blockchain and Cryptocurrency?

China has announced its plan to bank big on Blockchain technology when the president of the country had a press briefing calling for the accelerated adoption of blockchain technology. Since the announcement there has been a surge of new developments coming out of China, first, they passed a crypto law keeping the launch of its […]

2019-11-4 21:48


China Introduces New Anti-Anonymity Regulations to Enable “Orderly Development” in Their Blockchain Industry

The Chinese blockchain industry is about to come under heavy scrutiny as the Cyberspace Administration of China (CAC) has introduced new regulations… The post China Introduces New Anti-Anonymity Regulations to Enable “Orderly Development” in Their Blockchain Industry appeared first on Invest In Blockchain.

2019-1-14 05:22