Conflux Network, China Telecom unveils blockchain SIM card

by Arthur · May 17, 2023

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Image: Envato Elements and Conflux Networks Twitter

Conflux Network, a public blockchain backed by the Chinese government, on Tuesday unveiled its first blockchain-based SIM card, or BSIM, in partnership with China’s second-largest wireless carrier China Telecom.

See related article: China’s “Instagram” gets NFT makeover with Conflux

Fast facts

The BSIM card will allow users to access blockchain-based features such as on-chain data storage, digital identity verification, digital asset management, as well as improve mobile phones’ defense against cyber attacks, according to a Twitter posts by Conflux on Tuesday.
At the launch event, Conflux Networks co-founder and chief technology officer Ming Wu transferred a commemorative NFT from Conflux’s BSIM card account to China Telecoms to mark the partnership.
A BSIM card looks the same as a regular SIM card and is compatible with both Android and IOS operating systems, but has 10-20 times more storage space and a computing power several dozen times stronger, according to Fan Long, Conflux founder and president of the Tree-Graph Research Institute, the research team behind the Conflux Network.
The BSIM card will be piloted in Hong Kong, which is trying to build itself into a global hub for the Web 3.0 industry, and then introduced to mainland China and overseas markets.
The Tree-Graph Research Institute was established in 2020 to promote the development of the Conflux blockchain, and is supported by the municipal government of Shanghai.
The institute is involved in the drafting of IEEE P3217 – an international blockchain standard by the Institute of Electrical and Electronics Engineers to define the interface between blockchain and blockchain applications, to be published in June 2023, according to a Wednesday report by state media Xinhua News Agency.
Launched in 2018, Conflux Network is a tier 1 blockchain that claims to be the only regulatory public blockchain in China, and has partnered with numerous businesses and government entities on blockchain and metaverse initiatives in the country.
Following the launch of the BSIM card, the price of Conflux CFX, the native token of the Conflux blockchain, hit a ten-day high of $0.3253 on May 16. The token was trading at USD 0.3007 as of 11:30 a.m. in Hong Kong, up over 15% for the week, according to data from CoinMarketCap.