Conflux Community, a blockchain supported by the Chinese language authorities, has launched its preliminary blockchain-powered SIM card (BSIM) in partnership with China Telecom. The BSIM card will enable customers to make the most of blockchain-based options like on-chain information storage, digital id verification, and administration of digital property. It may also enhance the safety of cell phones in opposition to cyber assaults. The BSIM card is the second-largest wi-fi service within the nation and is anticipated to revolutionize the way in which customers use their cell phones. It’s a step in the direction of a extra safe and environment friendly cell phone expertise for customers.
Conflux Community & China Telecom Partner for Innovation
Conflux Community has partnered with China Telecom to launch a revolutionary new product. Co-founder and Chief Technology Officer Ming Wu commemorated the partnership by sending a commemorative Non-Fungible Token (NFT) from Conflux’s BSIM card account to China Telecom’s account. The BSIM card has much more storage and computing power than a traditional SIM card. Moreover, is compatible with both Android and IOS operating systems. This partnership marks a milestone in the advancement of blockchain technology. What’s more, it will help to foster innovative solutions to global problems.
Advancing Blockchain in Hong Kong and Shanghai
Hong Kong and Shanghai are two cities taking a leading role in the advancement of blockchain technology. The BSIM card is set to be tested in Hong Kong before being released in global markets and mainland China. Meanwhile, the Shanghai municipal government has provided support for the establishment of the Tree-Graph Research Institute. It focuses on the progress of the Conflux blockchain. These initiatives are helping to establish Hong Kong and Shanghai as major hubs for the Net 3.0 business. Moreover, with a focus on the development of blockchain technology.
IEEE Developing a Global Standard for Blockchain
The Institute of Electrical and Electronics Engineers (IEEE) is actively developing a world normal for blockchain, known as IEEE P3217. This normal will set up the connection between blockchain and blockchain purposes, with an anticipated launch date of June 2023. The mission has been undertaken in collaboration with the Xinhua Information Company. In addition, for quite a few blockchain and metaverse initiatives in China with quite a few corporations and authorities entities. The Conflux Community, launched in 2018, claims to be the one regulatory-compliant public blockchain in China. IEEE P3217 is ready to assist advance the event of blockchain expertise in China and all over the world.
Conflux CFX Reaches 10-Day High with BSIM Introduction
Conflux CFX has recently achieved a 10-day high of $0.3253 on May 16, following the introduction of the BSIM card. According to CoinMarketCap, the token’s trading price at 11:30 a.m. in Hong Kong was US$0.3007. It’s showing an impressive surge of more than 15% in the past week. This remarkable increase in CFX’s market value is accredited to the launch of the BSIM card, which allows users to use their CFX tokens to make payments for goods and services. With the introduction of the BSIM card, Conflux CFX is set to become one of the most widely-used cryptocurrencies in the world.
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