Conflux Network and China Telecom launch BSIM pilot project to bring blockchain to the masses

02/15/2023 11:38 • Metaverse Matters • 131 views

It is reported that Conflux Network announced that it will launch the first BSIM pilot project in Hong Kong later this year in cooperation with China Telecom. It is reported that BSIM card integrates Conflux’s tree graph, dual proof of rights and workload proof technology, and can achieve the highest system performance for any blockchain in the world. Conflux hopes that this behavior can reduce the threshold for users to enter Web3 and Metaverse.

China Telecom will cooperate with Conflux Network to pilot blockchain-supported SIM cards in Hong Kong

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Today, Conflux Network announced that it will be launching the first BSIM pilot project in Hong Kong, in collaboration with China Telecom. The BSIM card is equipped with Conflux’s tree graph, dual proof of rights, and workload proof technology, which will reportedly offer the highest system performance among blockchain networks today. The objective of this partnership is to make blockchain more accessible and usable to the masses, particularly in the realm of Web3 and Metaverse applications.

Blockchain technology has been long touted as the future of digital transactions, with its ability to offer immutable, secure, and decentralized data storage and processing. However, adoption rates have been slow, mainly because of the complexity of the technology and the lack of user-friendly applications that actually make use of it. This is where Conflux and China Telecom’s partnership comes in. By creating a BSIM card that can run on any mobile device, Conflux hopes to lower the barrier of entry for users who may have otherwise been intimidated by the intricacies of blockchain. With this, users can easily access blockchain-based applications and services, particularly those in the Metaverse and Web3 domains.

The BSIM card caters to the growing demand for blockchain-based solutions in the Metaverse and Web3 space. Metaverse refers to the convergence of virtual and physical reality. It is a space where users can interact and transact with each other using digital representations of themselves or avatars. On the other hand, Web3 is the third generation of the internet, where data is decentralized, immutable, and interoperable. These two domains are at the forefront of innovation and are the natural home for blockchain-based solutions. The BSIM card aims to provide the speed and security needed for seamless and efficient transactions within these settings.

In conclusion, Conflux Network and China Telecom’s BSIM pilot project marks a significant milestone in the evolution of blockchain technology. By creating a user-friendly, mobile-based solution that caters specifically to the Metaverse and Web3 domains, the partnership can help drive wider adoption of blockchain technology, particularly in Asia. As these domains continue to grow, so does the potential for blockchain to revolutionize the way we interact online.

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