{"id":533704,"date":"2023-05-17T19:00:48","date_gmt":"2023-05-17T19:00:48","guid":{"rendered":"https:\/\/wncen.com\/?p=533704"},"modified":"2023-05-18T03:31:10","modified_gmt":"2023-05-18T03:31:10","slug":"conflux-partners-with-china-telecom","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/conflux-partners-with-china-telecom\/","title":{"rendered":"Conflux Network Partners With China Telecom For Blockchain, SIM Project – Details"},"content":{"rendered":"

The blockchain industry has expanded to a new market thanks to the recent <\/span>partnership<\/span><\/a> of Conflux Network with China Telecom. This comes as a surprise to many in the crypto industry, as China <\/span>banned<\/span> cryptocurrencies and crypto transactions in the country back in 2021.\u00a0<\/span><\/p>\n

Despite this, the country sees the potential in blockchain tech, with China <\/span>launching<\/span><\/a> a national blockchain research center that aims to train 500,000 blockchain professionals.<\/span><\/p>\n

Related Reading: US Prosecutes Russian Hacker For Orchestrating $200 Million Ransomware Attacks<\/a><\/div>\n

These recent developments in the crypto industry pushed Conflux native token, CFX, against the general market decline. According to <\/span>CoinGecko<\/span><\/a>, the token is up 15% since last week, with a whopping 261% increase year to date.\u00a0<\/span><\/p>\n

\"\"<\/p>\n

Source: Coingecko<\/pre>\n
With this strong merger in blockchain and SIM card technology, we might see more adoption of blockchain tech in SIM cards in the future.\u00a0<\/span><\/p>\n
\n
Today in Shanghai, China Telecom and #Conflux<\/a> unveiled our Blockchain SIM (BSIM) card.<\/p>\n
The result of a joint development effort, the #BSIM<\/a> card is set to revolutionize the way we think about blockchain and telecommunications.<\/p>\n
Here’s what you need to know… \ud83e\uddf5 pic.twitter.com\/7o5XvYmePA<\/a><\/p>\n
\u2014 Conflux Network Official (@Conflux_Network) May 16, 2023<\/a><\/p><\/blockquote>\n
Blockchain And SIM Tech: A Perfect Pair\u00a0<\/strong><\/h2>\n
Named BSIM \u2013 which stands for \u201cblockchain sim\u201d\u2013 Conflux claims that it <\/span>packs<\/span><\/a> 10-20 times more storage and processing power than the standard SIM in the same form factor. <\/span><\/p>\n
The most important feature of this, however, is its full compatibility with Android and IOS. It also reduces the risk of attacks targeting mobile infrastructure.\u00a0<\/span><\/p>\n
The test was conducted with Ming Wu, the CTO and co-founder of Conflux, sending a commemorative NFT using the ecosystem\u2019s BSIM account to China Telecom\u2019s account. <\/span><\/p>\n
This mix of blockchain and SIM technology might be the next step for the widespread adoption of blockchain-based industries and technology.\u00a0<\/span><\/p>\n
\n
The BSIM card is a game-changing mobile ID card built on blockchain.<\/p>\n
It looks like a standard SIM, but packs 10-20x the storage and several dozen times more processing power.<\/p>\n
And it’s fully compatible with Android and iOS!<\/p>\n
\u2014 Conflux Network Official (@Conflux_Network) May 16, 2023<\/a><\/p><\/blockquote>\n
With Android being the <\/span>biggest<\/span><\/a> mobile operating system in the world with 2.5 billion users, the adoption of BSIM tech will elevate the adoption of crypto or blockchain-based technologies as real-life use cases are implemented. It will also transform the security of mobile phone infrastructure.\u00a0<\/span><\/p>\n
However, the question of how these BSIMs will be regulated still lingers. With some countries <\/span>enforcing<\/span><\/a> SIM registration laws, these nations will be forced to have some sort of monitoring system for data going back and forth between BSIMs. <\/span><\/p>\n
Despite this fairly advanced question, a pilot test in Hong Kong will occur before being introduced to mainland China and overseas locations.\u00a0<\/span><\/p>\n
<\/p>\n
CFX total market cap at $866 million on the daily chart at TradingView.com<\/a><\/pre>\n
Related Reading: Power Play: Top 5 Cryptos Set To Ignite The Week With Decent Gains<\/a><\/div>\n
At $0.3011, Long Term For Conflux Looks Bright<\/strong><\/h2>\n
With the launch of the BSIM in the background, the long-term prospect of the token is bright despite following the current market sentiment. <\/span><\/p>\n
At the moment, the bulls failed to flip $0.3128 to support, pushing the price toward $0.2847 in the short to medium term.<\/span><\/p>\n
Investors and traders should then monitor the market for any signs of bullishness as this will affect CFX\u2019s performance in the long run. This will enable CFX to target $0.3671 within the coming days.\u00a0<\/span><\/p>\n
-Featured image from CrypS.pl<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
The blockchain industry has expanded to a new market thanks to the recent partnership of Conflux Network with China Telecom. This comes as a surprise to many in the crypto industry, as China banned cryptocurrencies and crypto transactions in the country back in 2021.\u00a0 Despite this, the country sees the potential in blockchain tech, with China launching a national blockchain research center that aims to train 500,000 blockchain professionals. Related Reading: US Prosecutes Russian Hacker For Orchestrating $200 Million Ransomware Attacks These recent developments in the crypto industry pushed Conflux native token, CFX, against the general market decline. According to CoinGecko, the token is up 15% since last week, with a whopping 261% increase year to date.\u00a0 Source: Coingecko With this strong merger in blockchain and SIM card technology, we might see more adoption of blockchain tech in SIM cards in the future.\u00a0 Today in Shanghai, China Telecom and #Conflux unveiled our Blockchain SIM (BSIM) card. The result of a joint development effort, the #BSIM card is set to revolutionize the way we think about blockchain and telecommunications. Here’s what you need to know… \ud83e\uddf5 pic.twitter.com\/7o5XvYmePA \u2014 Conflux Network Official (@Conflux_Network) May 16, 2023 Blockchain And SIM Tech: A Perfect Pair\u00a0 Named BSIM \u2013 which stands for \u201cblockchain sim\u201d\u2013 Conflux claims that it packs 10-20 times more storage and processing power than the standard SIM in the same form factor. The most important feature of this, however, is its full compatibility with Android and IOS. It also reduces the risk of attacks targeting mobile infrastructure.\u00a0 The test was conducted with Ming Wu, the CTO and co-founder of Conflux, sending a commemorative NFT using the ecosystem\u2019s BSIM account to China Telecom\u2019s account. This mix of blockchain and SIM technology might be the next step for the widespread adoption of blockchain-based industries and technology.\u00a0 The BSIM card is a game-changing mobile ID card built on blockchain. It looks like a standard SIM, but packs 10-20x the storage and several dozen times more processing power. And it’s fully compatible with Android and iOS! \u2014 Conflux Network Official (@Conflux_Network) May 16, 2023 With Android being the biggest mobile operating system in the world with 2.5 billion users, the adoption of BSIM tech will elevate the adoption of crypto or blockchain-based technologies as real-life use cases are implemented. It will also transform the security of mobile phone infrastructure.\u00a0 However, the question of how these BSIMs will be regulated still lingers. With some countries enforcing SIM registration laws, these nations will be forced to have some sort of monitoring system for data going back and forth between BSIMs. Despite this fairly advanced question, a pilot test in Hong Kong will occur before being introduced to mainland China and overseas locations.\u00a0 CFX total market cap at $866 million on the daily chart at TradingView.com Related Reading: Power Play: Top 5 Cryptos Set To Ignite The Week With Decent Gains At $0.3011, Long Term For Conflux Looks Bright With the launch of the BSIM in the background, the long-term prospect of the token is bright despite following the current market sentiment. At the moment, the bulls failed to flip $0.3128 to support, pushing the price toward $0.2847 in the short to medium term. Investors and traders should then monitor the market for any signs of bullishness as this will affect CFX\u2019s performance in the long run. This will enable CFX to target $0.3671 within the coming days.\u00a0 -Featured image from CrypS.pl<\/p>\n","protected":false},"author":557,"featured_media":533708,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,1020,87851,87852,3505],"class_list":["post-533704","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-blockchain","tag-cfx","tag-conflux","tag-price-analysis"],"acf":[],"yoast_head":"\nConflux Network Partners With China Telecom To Launch BSIM<\/title>\n<meta name=\"description\" content=\"The blockchain industry has expanded to a new market thanks to the recent partnership of Conflux Network with China Telecom. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Conflux Network Partners With China Telecom For Blockchain, SIM Project – Details","url":"http:\/\/wncen.com\/news\/conflux-partners-with-china-telecom\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/conflux-partners-with-china-telecom\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/a-99.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/a-99.png?fit=884%2C497"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","blockchain","cfx","conflux","price analysis"],"dateCreated":"2023-05-17T19:00:48Z","datePublished":"2023-05-17T19:00:48Z","dateModified":"2023-05-18T03:31:10Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Conflux Network Partners With China Telecom For Blockchain, SIM Project – Details\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/conflux-partners-with-china-telecom\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/conflux-partners-with-china-telecom\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/a-99.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/a-99.png?fit=884%2C497\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"blockchain\",\"cfx\",\"conflux\",\"price analysis\"],\"dateCreated\":\"2023-05-17T19:00:48Z\",\"datePublished\":\"2023-05-17T19:00:48Z\",\"dateModified\":\"2023-05-18T03:31:10Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/a-99.png?fit=884%2C497","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/533704"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=533704"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/533704\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/533708"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=533704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=533704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=533704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}