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.