[PRESS RELEASE – Toronto, Canada, May 16th, 2023]
Conflux Community, the primary regulatory-compliant public blockchain in China, and China Telecom, a worldwide communications community, right this moment unveiled a collectively developed Blockchain SIM (BSIM) card on the Zhuhui District West Financial institution Synthetic Intelligence Middle in Shanghai.
A world first, the BSIM card is a cell consumer identification card primarily based on blockchain know-how. With an look just like a conventional SIM card, the BSIM card is absolutely suitable with mainstream cell terminal programs similar to Android and iOS. It has 10-20 occasions extra space for storing and dozens of occasions extra computing energy than typical SIM playing cards.
Together with conventional communication capabilities, BSIM playing cards can generate and retailer customers’ private and non-private keys inside the cardboard. Digital signatures, as “the personal key by no means leaves the cardboard”, scale back the danger of card customers’ cell terminals being focused by malware and virus software program assaults. As well as, the BSIM card can implement encrypted storage, key restoration capabilities and likewise combine conventional U-shield capabilities. Leveraging the BSIM card’s {hardware} safety advantages to guard customers’ personal keys. It’s the most safe and most handy Web3 consumer terminal entry resolution at the moment out there.
In the course of the launch occasion, Dr. Wu Ming, CTO and Co-Founding father of Conflux Community, efficiently transferred NFTs commemorating the China Telecom and Conflux partnership by urgent the ship button throughout the app. This marks the primary on-chain, public use of the BSIM card, as NFTs had been transferred from the Shanghai Conflux Analysis Institute’s BSIM card account to China Telecom’s BSIM card account.
Conflux’s Dr. Wu Ming said: “Any more, all cell communication customers will have the ability to receive a safer digital identification by way of cell terminals and entry Web3 and Metaverse with minimal technical limitations. Blockchain know-how has developed past its repute as a fancy and inaccessible idea, into a really sensible infrastructure for purposes within the world economic system and folks’s every day lives.
Li Enmin, Deputy Dean of China Telecom Group’s Analysis Institute, added: “We’re dedicated to working with Conflux Networks to develop and promote sensible communication options designed to satisfy actual consumer wants. The BSIM card is a primary step as we collaborate in exploring the varied software situations and complementary merchandise made potential by the modern integration of blockchain know-how with trendy communication advances.
The BSIM card can be piloted in Hong Kong earlier than being step by step rolled out to mainland and abroad markets.
Concerning the Conflux Community
Conflux is a permissionless layer 1 blockchain that connects decentralized economies with borders and protocols. Just lately migrating to hybrid PoW/PoS consensus, Conflux offers a quick, safe and scalable blockchain setting with zero congestion, low charges and improved community safety.
As the one regulatory-compliant public blockchain in China, Conflux offers a singular benefit for constructing and increasing tasks in Asia. Within the area, Conflux has collaborated with world manufacturers and authorities organizations on blockchain and metaverse initiatives, together with the town of Shanghai, McDonald’s China and Oreo.
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