Toronto, Canada, Could sixteenth, 2023, Chainwire
Conflux Network, the primary regulatory compliant public blockchain in China and international communications community, China Telecom, at this time unveiled its collectively developed Blockchain SIM (BSIM) card on the Xuhui District West Financial institution Synthetic Intelligence Heart in Shanghai.
In a world first, the BSIM card is a cellular consumer identification card primarily based on blockchain expertise. With an look almost equivalent to conventional SIM playing cards, the BSIM card is totally appropriate with mainstream cellular terminal programs similar to Android and iOS. It additionally boasts space for storing 10-20 occasions bigger than conventional SIM playing cards and computing energy a number of dozen occasions larger.
Alongside conventional communications capabilities, the BSIM card can also generate and retailer customers’ private and non-private keys throughout the card. By performing digital signatures in a “non-public key by no means leaves the cardboard” method, the cardboard reduces the danger of customers’ cellular terminals being focused by malware and virus software program assaults. Moreover, the BSIM card can implement encrypted storage, key restoration capabilities and even combine conventional U-shield capabilities. Leveraging the {hardware} safety benefits of the BSIM card to guard customers’ non-public keys. It’s at present the most secure and most handy Web3 consumer terminal entry resolution obtainable.
In the course of the launch occasion, Dr. Wu Ming, CTO and Co-Founding father of the Conflux Community, efficiently transferred a Commemorative NFT of the China Telecom and Conflux Partnership by urgent the ship button throughout the app. This marked the primary on-chain, public use of the BSIM card, because the NFT was transferred from the BSIM card account of Shanghai Conflux Analysis Institute to the BSIM card account of China Telecom.
Dr. Wu Ming from Conflux said: “Any more, all cellular communication customers can get hold of a safer digital identification via cellular terminals and entry Web3 and the metaverse with minimal technical boundaries. Blockchain expertise has advanced past its fame as a posh and inaccessible idea, remodeling into a very sensible infrastructure for purposes within the international financial system and other people’s every day lives.”
Li Anmin, Deputy Dean of the Analysis Institute at China Telecom Group added: “We’re dedicated to working alongside Conflux Community in creating and selling sensible communication options tailor-made to fulfill real consumer wants. The BSIM card is only a first step as we collaborate in exploring a various vary of software situations and supplementary merchandise, made doable via the revolutionary integration of blockchain expertise with fashionable communication developments.”
The BSIM card might be piloted in Hong Kong earlier than being step by step launched to mainland and abroad markets.
About Conflux Community
Conflux is a permissionless Layer 1 blockchain connecting decentralized economies throughout borders and protocols. Just lately migrated to hybrid PoW/PoS consensus, Conflux gives a quick, safe, and scalable blockchain atmosphere with zero congestion, low charges, and improved community safety.
As the one regulatory-compliant public blockchain in China, Conflux gives a singular benefit for tasks constructing and increasing into Asia. Within the area, Conflux has collaborated with international manufacturers and authorities entities on blockchain and metaverse initiatives, together with town of Shanghai, McDonald’s China, and Oreo.
Contact
Melissa Tirey
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