Toronto, Canada, Could 16, 2023, Chainwire

Conflux Community, China’s first regulation-compliant public blockchain, and China Telecom, a world telecommunications community, at this time unveiled a collectively developed Blockchain SIM (BSIM) card on the West Financial institution Synthetic Intelligence Middle in Xuhui District, Shanghai.

The BSIM card is the world’s first cell person ID card primarily based on blockchain expertise. With nearly the identical look as his conventional SIM card, his BSIM card is absolutely appropriate with mainstream cell terminal techniques comparable to Android and iOS. It additionally boasts 10 to twenty occasions extra storage capability and dozens of occasions extra computing energy than conventional SIM playing cards.

Along with its conventional communication capabilities, the BSIM card may also generate a person’s private and non-private keys and retailer them throughout the card. By performing digital signatures in a “personal key by no means leaves the cardboard” method, the cardboard reduces the chance of customers’ cell units being focused by malware and virus software program assaults. As well as, BSIM playing cards may also implement encrypted storage, key restoration features, and combine conventional U-shield features. Benefit from the {hardware} safety of your BSIM card to guard your personal keys. That is essentially the most safe and handy Web3 person terminal entry answer obtainable at this time.

Throughout the launch occasion, Dr. Wu Ming, CTO and co-founder of Conflux Community, efficiently transferred the commemorative NFT of China Telecom and Conflux partnership by urgent the ship button within the app. This was the primary on-chain public use of the BSIM card because the NFT was transferred from his BSIM card account at Shanghai Conflux Institute to his BSIM card account at China Telecom.

Conflux’s Dr. Wu Ming stated: “Sooner or later, all cell communication customers will have the ability to get hold of a safer digital id by their cell system and entry the Web3 and Metaverse with minimal technical boundaries. Blockchain expertise is advanced and inaccessible. It has developed past its popularity as an idea into a very working infrastructure that may be utilized to the worldwide financial system and other people’s every day lives.”

Li Anmin, Deputy Director of China Telecom Group Analysis Institute, added: “We’ll work with Conflux Community to develop and promote sensible communication options that meet the true wants of our customers. That is simply step one in collaborating to discover the varied utility situations and complementary merchandise which can be made attainable by such complete integration.”

The BSIM card might be piloted in Hong Kong after which progressively rolled out to mainland and abroad markets.

About Conflux Community

Conflux is a permissionless layer 1 blockchain that connects decentralized economies throughout borders and protocols. Just lately migrated to a hybrid PoW/PoS consensus, Conflux presents a quick, safe, and scalable blockchain atmosphere with zero congestion, low charges, and improved community safety.

As the one regulated public blockchain in China, Conflux presents distinctive benefits for initiatives constructing and increasing into Asia. Within the area, Conflux has labored with international manufacturers and authorities businesses comparable to Shanghai Municipality, China McDonald’s, and Oreo on blockchain and metaverse initiatives.

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Melissa Tiley (e-mail protected)