Conflux, a Singapore-registered public blockchain with a presence in China, and LayerZero, an interoperability protocol, are jointly developing a blockchain-based SIM card (BSIM) in partnership with China Telecom.
This BSIM will empower users with the ability to seamlessly transfer assets and messages across different blockchain networks using LayerZero technology.
The BSIM card outwardly resembles a typical SIM card and is compatible with both Android and iOS operating systems.
However, it boasts significantly larger storage capacity, approximately 10-20 times greater, and vastly improved computing power.
The initial announcement regarding the BSIM project came from Conflux and China Telecom back in February where it was revealed that the project would undergo a pilot program in Hong Kong before its wider deployment across China.
The primary purpose of these SIM cards is to provide a secure means for users to store their private keys directly on their mobile devices.
Conflux has a history of collaborating with Chinese companies to harness the capabilities of the Conflux network.
Notably, Xiaohongshu, often referred to as “Little Red Book” and China’s counterpart to Instagram, previously integrated the Conflux Network in January this year
This integration enables Xiaohongshu’s vast user base, surpassing 200 million active monthly users, to display their non-fungible tokens (NFTs) on their profile pages.
Users can showcase NFTs minted on Conflux within the platform’s digital collectible section known as “R-Space.”
Conflux also played a prominent role in the launch of the McDonald’s China Big Mac NFT artwork back during the 2021 NFT bull run.
While the BSIM cards are poised for their pilot program launch, Conflux has witnessed a decline in its user activity.
Data collected by ConfluxScan indicates that the network’s daily transaction count has fallen from over 40,000 in the first quarter of 2023 to around 20,000 transactions per day since April.
Conflux aims to address this by partnering with LayerZero.
Their collaboration will enable future BSIM cardholders to move their assets, which are stored on these blockchain-enabled SIM cards, from Conflux to other blockchain networks.
Coinlive previously reported on how China Telecom have joined forces with Bank of China and China Unicom to introduce a “super SIM card” that enables integration between their phones and their digital yuan wallets.
* Original content written by Coinlive. Coinbold is licensed to distribute this content by Coinlive.
