China Telecom Collaborated with Conflux Network
A new move came from China, which uses blockchain technology in many infrastructure services. China Telecom, China’s second-largest telecom provider with an estimated 390 million subscribers, announced that it has partnered with Conflux Network. As part of this partnership, blockchain-enabled SIM cards will be developed.
Conflux Network said in a statement that China Telecom will launch its first “BSIM card” pilot program in Hong Kong later this year. It was stated that this pilot trial will likely be followed by pilot programs in key Chinese locations such as Shanghai. Conflux Network, sharing on Twitter, made the following statements:
“China Telecom, the 2nd largest wireless carrier in China (390+ million mobile subscribers), has partnered with Conflux to develop Blockchain-enabled SIM cards – BSIM!
The Web3 product will be the largest blockchain hardware product ever seen globally, involving the most users and applications. China Telecom will launch the first BSIM pilot program in Hong Kong later this year.
The BSIM card integrates Conflux’s Tree-graph, dual proof-of-stake, and proof-of-work technology, enabling the highest system performance for any blockchain in the world. With this initiative, we’re looking forward to lowering the barriers to entry for Web3 and the Metaverse.
The BSIM card will manage and store the user’s public and private keys in the card and carry out digital signatures in a way that the private key does not exit the card. The BSIM card can also allow encrypted storage, key retrieval, and other operations.
The R&D phase for the BSIM card is complete – and it’s connected to Conflux’s main network in testing! This prototype has storage & sending functions for digital assets.”
Apart from China Telecom, Conflux has also collaborated on blockchain and metaverse initiatives with global brands and government agencies, including the city of Shanghai, McDonald’s China and Oreos. Conflux’s native token, CFX, has surged nearly 38% in the past 24 hours after reports of the China Telecom partnership.
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