- China Telecom and Conflux Network are partnering to bring Blockchain SIM cards (BSIM) to market.
- The pilot program will launch in Hong Kong, with other locations such as Shanghai following.
- The BSIM card integrates Conflux’s Tree-graph, dual proof of stake and proof of work technology for the highest system performance.
China Telecom and Conflux Network have announced a partnership to bring Blockchain SIM cards (BSIM) to market. The entry-level Web3 product will be the largest blockchain hardware product ever seen globally, involving the most users and applications.
Pilot Program Launch
China Telecom will launch the first BSIM pilot program in Hong Kong later this year. This is likely to be followed by pilots in key mainland China locations such as Shanghai. The goal is to make mobile phones more secure through making telecom users‘ personal digital assets more secure.
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. It uses the hardware security advantages of SIM cards to protect users‘ private keys, which is a secure and convenient Web3 entry solution. The card has 10-20 times larger storage space than traditional SIM cards and increased computing power by tens of times. It will manage and store public and private keys in the card, carry out digital signatures without exiting the card, allow encrypted storage and key retrieval operations, as well as signature transfer via built-in Bluetooth module for asset security.
Advantages for Users
Users who switch to a BSIM card will be able to store digital assets safely, transfer their digital assets conveniently, and display their assets in a variety of applications. It reduces risk from viruses or malicious software on mobile phones while increasing user asset security with features like authentication encryption algorithms inside the chip embedded into BSIM Card itself.
This partnership between China Telecom and Conflux Network brings an innovative blockchain product that can help hundreds of millions become part of Web3 while protecting their personal digital assets with higher levels of security than ever before possible.