Conflux Network Partners With China Telecom for Blockchain-Based SIM Cards

Conflux Network, a regulatory-compliant public blockchain in China, has partnered with China Telecom to develop blockchain-based SIM cards.

The BSIM card will manage and store the user's public and private keys in the card and carry out digital signatures in a way that the private key does not exit the card. The BSIM card can also allow encrypted storage, key retrieval, and other operations. The R&D phase for the BSIM card is complete - and it's connected to Conflux’s main network in testing. The pilot program will be launched in Hong Kong later this year.

Conflux has collaborated with various global brands and government entities, including the city of Shanghai, McDonald's China, and Oreos, on blockchain and metaverse initiatives. Following the announcement of the partnership, Conflux's native $CFX tokens saw a surge of over 40% in value.

Source

Layer 1

Conflux

In This Article

Related News
Layer 1 MANTRA's token falls 90% in sudden crash; team blames 'reckless liquidations' Layer 1 MANTRA's token falls 90% in sudden crash; team blames 'reckless liquidations'
TON connects to Tether’s USDt ecosystem with LayerZero integration TON connects to Tether’s USDt ecosystem with LayerZero integration
HyperLiquid Releases Native Staking as HYPE Token Extends Its Rally HyperLiquid Releases Native Staking as HYPE Token Extends Its Rally
Wormhole, EigenLayer and NEAR-focused Nuffle Labs partner to bring restaking beyond Ethereum Wormhole, EigenLayer and NEAR-focused Nuffle Labs partner to bring restaking beyond Ethereum
Circle-backed Layer 1 Xion launches mainnet and gamified token airdrop mechanism Circle-backed Layer 1 Xion launches mainnet and gamified token airdrop mechanism
Latest News More More
2 Days Ago Tether plans further Bitcoin mining expansion in South America with Adecoagro tie up
3 Days Ago North Korean hackers use fake Zoom updates to deliver ‘NimDoor’ macOS malware targeting crypto firms
3 Days Ago JPMorgan's blockchain unit tests new carbon credit tokenization application with S&P Global
6 Days Ago Ethereum community plans onchain ‘time capsule’ to mark 10th anniversary of network’s genesis block
June 25 Circle's post-IPO stock surge pushes market cap near Coinbase and USDC
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open