Posted on 15. Februar 2023 in Allgemein
• China Telecom and Conflux Network announce a partnership to bring Blockchain SIM cards (BSIM) to market.
• 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.
• The built-in Bluetooth module will be responsible for the signature and transfer of assets, to ensure the security of personal digital assets.
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. China Telecom will launch the first BSIM pilot program in Hong Kong later this year with plans for pilots in key mainland China locations such as Shanghai.
The BSIM card is indistinguishable from a traditional SIM in appearance but has 10-20 times larger storage space and increased computing power by tens of times. It integrates Conflux’s Tree-graph, dual proof of stake and proof of work technology, enabling maximum system performance for any blockchain in the world. Additionally, it uses hardware security advantages from SIM cards to protect users’ private keys which is a secure and convenient Web3 entry solution.
By using a BSIM card, users can store their digital assets safely, transfer them conveniently, and display them across various applications. The card manages and stores public & private keys on itself while carrying out digital signatures so that no private key exits the card. Furthermore, it offers encrypted storage & key retrieval operations along with Bluetooth module responsible for signature & asset transfer ensuring safety & security of personal digital assets against malicious software attacks on phones.
Users’ identifiers from traditional world like mobile phone numbers can be tied up with Decentralized Identifiers (DID) allowing better integration between virtual & real world information. Also smart contracts based abstract accounts enable safe & efficient use of users‘ crypto & traditional currencies by blockchain applications through BSIM cards.
The introduction of BSIM cards by China Telecom in collaboration with Conflux Network provides an easy yet secure way for telecom subscribers to utilize Web 3 services while protecting their personal digital assets from malicious software attacks at same time offering integration between virtual & real world information through Decentralized Identifiers (DID).