Home > NEWS > Conflux partners with China Telecom to develop blockchain SIM card

Conflux partners with China Telecom to develop blockchain SIM card

According to Conflux, the BSIM will have a secure place to store digital private keys and will support the transfer and exchange of NFTs.

According to a public announcement on February 15, Jiliu Internet, also known as Shanghai Shutu Block chain Research Institute, has established a strategic partnership with China Telecom Network to develop and design block chain SIM cards (BSIM cards). According to Conflow, BSIM is about to usher in an open space to store data public keys and enable the above signature to transfer assets to other users. In addition, the "one-click view now" function will allow users to keep track of trading data and mental progress.

The development phase of the BSIM card has been completed-it has been tested and connected to the Conflow main Internet! This prototype has the function of storing and pushing digital money.

Conflow also claims that a new BSIM card can store an unchangeable dynamic password or NFT, which is suitable for money transfer and exchange. The company also explained that with the expertise of China Telecom Network, BSIM cards can have 10-20 times more memory space than the average SIM card, allowing for the promotion of fragmented applications and digital communities.

At this stage, China Telecom is the second largest communications operator in China, with more than 390 million subscribers. BSIM's first demonstration site is scheduled to be released in Hong Kong later this year.

Conflow is a first-tier block chain based on a consensus between mixed work unit certification and risk validation. It is called "China's only compliance management public block chain" and the company claims that its technology has been used to collaborate with companies such as KFC China and Oreo biscuits. The Shanghai Shutu Block chain Research Office of its head office has received strong support from the Shanghai Municipal people's Government.

by wjb news
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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