{"id":533704,"date":"2023-05-17T19:00:48","date_gmt":"2023-05-17T19:00:48","guid":{"rendered":"https:\/\/uniquehot.com\/?p=533704"},"modified":"2023-05-18T03:31:10","modified_gmt":"2023-05-18T03:31:10","slug":"conflux-partners-with-china-telecom","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/conflux-partners-with-china-telecom\/","title":{"rendered":"Conflux Network Partners With China Telecom For Blockchain, SIM Project – Details"},"content":{"rendered":"
The blockchain industry has expanded to a new market thanks to the recent <\/span>partnership<\/span><\/a> of Conflux Network with China Telecom. This comes as a surprise to many in the crypto industry, as China <\/span>banned<\/span> cryptocurrencies and crypto transactions in the country back in 2021.\u00a0<\/span><\/p>\n Despite this, the country sees the potential in blockchain tech, with China <\/span>launching<\/span><\/a> a national blockchain research center that aims to train 500,000 blockchain professionals.<\/span><\/p>\n These recent developments in the crypto industry pushed Conflux native token, CFX, against the general market decline. According to <\/span>CoinGecko<\/span><\/a>, the token is up 15% since last week, with a whopping 261% increase year to date.\u00a0<\/span><\/p>\n <\/p>\n With this strong merger in blockchain and SIM card technology, we might see more adoption of blockchain tech in SIM cards in the future.\u00a0<\/span><\/p>\n Today in Shanghai, China Telecom and #Conflux<\/a> unveiled our Blockchain SIM (BSIM) card.<\/p>\n The result of a joint development effort, the #BSIM<\/a> card is set to revolutionize the way we think about blockchain and telecommunications.<\/p>\n Here’s what you need to know… \ud83e\uddf5 pic.twitter.com\/7o5XvYmePA<\/a><\/p>\n \u2014 Conflux Network Official (@Conflux_Network) May 16, 2023<\/a><\/p><\/blockquote>\n Named BSIM \u2013 which stands for \u201cblockchain sim\u201d\u2013 Conflux claims that it <\/span>packs<\/span><\/a> 10-20 times more storage and processing power than the standard SIM in the same form factor. <\/span><\/p>\n The most important feature of this, however, is its full compatibility with Android and IOS. It also reduces the risk of attacks targeting mobile infrastructure.\u00a0<\/span><\/p>\n The test was conducted with Ming Wu, the CTO and co-founder of Conflux, sending a commemorative NFT using the ecosystem\u2019s BSIM account to China Telecom\u2019s account. <\/span><\/p>\n This mix of blockchain and SIM technology might be the next step for the widespread adoption of blockchain-based industries and technology.\u00a0<\/span><\/p>\n The BSIM card is a game-changing mobile ID card built on blockchain.<\/p>\n It looks like a standard SIM, but packs 10-20x the storage and several dozen times more processing power.<\/p>\n And it’s fully compatible with Android and iOS!<\/p>\n \u2014 Conflux Network Official (@Conflux_Network) May 16, 2023<\/a><\/p><\/blockquote>\n With Android being the <\/span>biggest<\/span><\/a> mobile operating system in the world with 2.5 billion users, the adoption of BSIM tech will elevate the adoption of crypto or blockchain-based technologies as real-life use cases are implemented. It will also transform the security of mobile phone infrastructure.\u00a0<\/span><\/p>\n However, the question of how these BSIMs will be regulated still lingers. With some countries <\/span>enforcing<\/span><\/a> SIM registration laws, these nations will be forced to have some sort of monitoring system for data going back and forth between BSIMs. <\/span><\/p>\n Despite this fairly advanced question, a pilot test in Hong Kong will occur before being introduced to mainland China and overseas locations.\u00a0<\/span><\/p>\n <\/p>\nSource: Coingecko<\/pre>\n
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Blockchain And SIM Tech: A Perfect Pair\u00a0<\/strong><\/h2>\n
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CFX total market cap at $866 million on the daily chart at TradingView.com<\/a><\/pre>\n