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(Press Release – Toronto, Canada, May 16, 2023)
conflux networkChina Telecom, the first regulatory-compliant public blockchain in China, and China Telecom, a global communications network, today unveiled a jointly developed Blockchain SIM (BSIM) card at the Xuhui District West Bank Artificial Intelligence Center in Shanghai.
A world first, the BSIM card is a mobile user identity card based on blockchain technology. With an almost identical appearance to a traditional SIM card, the BSIM card is fully compatible with mainstream mobile terminal systems such as Android and iOS. It also has 10-20 times larger storage space and several dozen times more computing power than conventional SIM cards.
Along with traditional communication functions, the BSIM card can also generate and store users’ public and private keys within the card. By digitally signing in a “private key never leaves the card” manner, the card minimizes the risk of users’ mobile terminals being targeted by malware and virus software attacks. In addition, the BSIM card can implement encrypted storage, key recovery functions, and even integrate traditional U-Shield functions. Leveraging the hardware security benefits of BSIM cards to protect users’ private keys. It is the most secure and most convenient Web3 user terminal entry solution currently available.
During the launch event, Dr. Wu Ming, CTO and co-founder of Conflux Network, successfully transferred the commemorative NFTs of China Telecom and Conflux Partnership by pressing the send button within the app. This marked the first on-chain, public use of BSIM cards, as NFTs were transferred from the BSIM card account of Shanghai Conflux Research Institute to the BSIM card account of China Telecom.
Dr. Wu Ming of Conflux said: “From now on, all mobile communication users can have a more secure digital identity through mobile terminals and access the Web3 and Metaverse with minimal technical barriers. Blockchain technology has evolved beyond its reputation as a complex and inaccessible concept, turning into a truly practical infrastructure for applications in the global economy and people’s daily lives.
Li Anmin, deputy dean of the Research Institute at China Telecom Group, said: “We are committed to working with Conflux Network to develop and promote practical communication solutions to meet actual user needs. The BSIM card is just is a first step as we collaborate in exploring a diverse range of application scenarios and complementary products through the innovative integration of blockchain technology with modern communication advances.
The BSIM card will be launched on a pilot basis in Hong Kong before being gradually introduced to the mainland and overseas markets.
About Conflux Network
flow Is a permissionless layer 1 blockchain that connects decentralized economies across borders and protocols. Recently migrated to hybrid PoW/PoS consensus, Conflux provides a fast, secure and scalable blockchain environment with zero congestion, low fees and improved network security.
As the only regulatory-compliant public blockchain in China, Conflux offers a unique advantage for projects to build and scale in Asia. In this area, Conflux has collaborated with global brands and government entities on blockchain and metaverse initiatives, including the city of Shanghai, McDonald’s China, and Oreo.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
[ad_1]
(Press Release – Toronto, Canada, May 16, 2023)
conflux networkChina Telecom, the first regulatory-compliant public blockchain in China, and China Telecom, a global communications network, today unveiled a jointly developed Blockchain SIM (BSIM) card at the Xuhui District West Bank Artificial Intelligence Center in Shanghai.
A world first, the BSIM card is a mobile user identity card based on blockchain technology. With an almost identical appearance to a traditional SIM card, the BSIM card is fully compatible with mainstream mobile terminal systems such as Android and iOS. It also has 10-20 times larger storage space and several dozen times more computing power than conventional SIM cards.
Along with traditional communication functions, the BSIM card can also generate and store users’ public and private keys within the card. By digitally signing in a “private key never leaves the card” manner, the card minimizes the risk of users’ mobile terminals being targeted by malware and virus software attacks. In addition, the BSIM card can implement encrypted storage, key recovery functions, and even integrate traditional U-Shield functions. Leveraging the hardware security benefits of BSIM cards to protect users’ private keys. It is the most secure and most convenient Web3 user terminal entry solution currently available.
During the launch event, Dr. Wu Ming, CTO and co-founder of Conflux Network, successfully transferred the commemorative NFTs of China Telecom and Conflux Partnership by pressing the send button within the app. This marked the first on-chain, public use of BSIM cards, as NFTs were transferred from the BSIM card account of Shanghai Conflux Research Institute to the BSIM card account of China Telecom.
Dr. Wu Ming of Conflux said: “From now on, all mobile communication users can have a more secure digital identity through mobile terminals and access the Web3 and Metaverse with minimal technical barriers. Blockchain technology has evolved beyond its reputation as a complex and inaccessible concept, turning into a truly practical infrastructure for applications in the global economy and people’s daily lives.
Li Anmin, deputy dean of the Research Institute at China Telecom Group, said: “We are committed to working with Conflux Network to develop and promote practical communication solutions to meet actual user needs. The BSIM card is just is a first step as we collaborate in exploring a diverse range of application scenarios and complementary products through the innovative integration of blockchain technology with modern communication advances.
The BSIM card will be launched on a pilot basis in Hong Kong before being gradually introduced to the mainland and overseas markets.
About Conflux Network
flow Is a permissionless layer 1 blockchain that connects decentralized economies across borders and protocols. Recently migrated to hybrid PoW/PoS consensus, Conflux provides a fast, secure and scalable blockchain environment with zero congestion, low fees and improved network security.
As the only regulatory-compliant public blockchain in China, Conflux offers a unique advantage for projects to build and scale in Asia. In this area, Conflux has collaborated with global brands and government entities on blockchain and metaverse initiatives, including the city of Shanghai, McDonald’s China, and Oreo.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
