Might 16, 2023 – Toronto, Canada
Conflux Community, the primary regulatory compliant public blockchain in China, and international communications community, China Telecom, immediately unveiled its collectively developed BSIM (blockchain SIM) card on the Xuhui District West Financial institution Synthetic Intelligence Middle in Shanghai.
In a world first, the BSIM card is a cell person identification card based mostly on blockchain expertise.
With an look almost an identical to conventional SIM playing cards, the BSIM card is absolutely appropriate with mainstream cell terminal programs comparable 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 higher.
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 ‘personal key by no means leaves the cardboard’ method, the cardboard reduces the danger of customers’ cell 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’ personal keys, it’s at the moment the most secure and most handy Net 3.0 person terminal entry answer out there.
In the course of the launch occasion, Wu Ming, CTO and co-founder of 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.
Wu Ming mentioned,
“Any more, all cell communication customers can acquire a safer digital id by way of cell terminals and entry Net 3.0 and the metaverse with minimal technical limitations.
“Blockchain expertise has advanced past its repute as a posh and inaccessible idea, reworking into a really sensible infrastructure for functions within the international financial system and other people’s day by day lives.”
Li Anmin, deputy dean of the Analysis Institute at China Telecom Group, added,
“We’re dedicated to working alongside Conflux Community in growing and selling sensible communication options tailor-made to fulfill real person wants.
“The BSIM card is only a first step as we collaborate in exploring a various vary of utility situations and supplementary merchandise made attainable by way of the revolutionary integration of blockchain expertise with trendy communication developments.”
The BSIM card can 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-one blockchain connecting decentralized economies throughout borders and protocols.
Lately migrated to hybrid PoW/PoS consensus, Conflux supplies a quick, safe and scalable blockchain surroundings with zero congestion, low charges and improved community safety.
As the one regulatory-compliant public blockchain in China, Conflux supplies 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 the town of Shanghai, McDonald’s China and Oreo.
Contact
Melissa Tirey, Shift6 Studios
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