Conflux partners with China Telecom to develop blockchain SIM card

In keeping with a Feb. 15 announcement, Conflux Community, also called Shanghai Tree-Graph Blockchain Analysis Institute, mentioned that it had secured a partnership with China Telecom to develop a blockchain SIM (BSIM) card. As informed by Conflux, the BSIM could have a safe place to retailer digital non-public keys and can be capable to name upon the mentioned signature to switch cash to different customers. As well as, a “one-click direct examine” performance will enable customers to examine for transaction data and standing progress in real-time. 

“The R&D section for the BSIM card is full – and it’s related to Conflux’s predominant community in testing! This prototype has storage & sending capabilities for digital property.”

Conflux additionally claims that the brand new BSIM card is ready to retailer nonfungible tokens, or NFTs, with assist for transfers and an change performance. The agency additionally explains that with expertise from China Telecom, the BSIM can have upward of “10-20 Instances Storage Area” in comparison with common SIM playing cards, permitting for optimized entry to decentralized functions and digital communities.

At the moment, China Telecom is the countrys second-largest telecommunications supplier, with over 390 million customers. The primary pilot program for the BSIM is scheduled to launch in Hong Kong later this yr.

Conflux is a layer-1 blockchain working on a hybrid proof-of-work and proof-of-stake consensus. It’s dubbed the “solely regulatory-compliant public blockchain in China,” with the agency claiming its expertise has been utilized in collaboration with manufacturers equivalent to McDonald’s China and Oreo. Its mother or father, the Shanghai Tree-Graph Blockchain Analysis Institute, is supported by the Shanghai Municipal Individuals’s Authorities.

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