China Telecom and Conflux Network have announced a collaboration to pilot blockchain-enabled SIM cards in Hong Kong. The new technology, called BSIM, integrates Conflux's tree graph, dual proof of stake, and proof of work technologies. The BSIM card manages and stores a user's public and private key in the card and can perform encrypted storage, key retrieval, and other operations without leaving the card.
A Boost in Storage and Computing Power
While the BSIM card looks the same as a traditional SIM card, it offers a storage space that is 10-20 times larger and an increase in computing power by dozens of times. Users who convert to BSIM cards will be able to store digital assets safely, transfer digital assets conveniently, and display assets in various applications.
Pilot Project to Launch Later This Year
China Telecom will launch the first BSIM pilot project in Hong Kong later this year, according to Conflux Network. The research and development phase of the BSIM card has already been completed and is connected to Conflux's mainnet for testing. The prototype card has the function of storing and sending digital assets.
A Big Step Forward for Blockchain Technology
The partnership between China Telecom and Conflux Network is a significant step forward for blockchain technology. The BSIM card provides a secure and convenient way for users to store and transfer digital assets, which could lead to greater adoption of blockchain technology in the future. The technology could also have applications in other industries, such as finance, logistics, and healthcare.
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