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

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.

Interpretation of this information:

The blockchain technology company, Conflux Network, has recently announced that it will be launching the first BSIM pilot project in Hong Kong later this year in partnership with China Telecom. The BSIM card will be utilizing Conflux’s tree graph, dual proof of rights, and workload proof technology to achieve the highest system performance for any blockchain in the world. The company believes that this new initiative will be a significant move that will help to reduce the threshold for users to enter Web3 and Metaverse.

This announcement is an exciting development for the blockchain industry, as it shows how innovative solutions are being developed to enable users to participate more easily in decentralized networks such as Web3 and Metaverse. By reducing the entry barrier, more users can take advantage of this new technology, enabling a more widespread adoption of blockchain in various industries.

Conflux Network’s BSIM card is an essential component for users to access Web3 and Metaverse, as it has a wide range of applications, including identity verification, digital asset exchange, and decentralized storage. The card’s integration of Conflux’s tree graph, dual proof of rights, and workload proof technology makes it a high-performing technology that supports quick and secure transactions.

The technical features of Conflux Network’s BSIM card are impressive, which is why it holds the potential to advance the blockchain industry’s growth. For example, the card’s tree graph technology allows users to process large amounts of data more efficiently, making it perfect for decentralized applications that require fast transactions. The dual proof of rights technology enables multiple parties to utilize blockchains simultaneously, further enhancing their overall performance. Finally, the workload proof technology ensures that the blockchain network remains secure and tamper-proof.

In conclusion, Conflux Network’s announcement to launch the first BSIM pilot project in Hong Kong in partnership with China Telecom is a significant development for the blockchain industry. The integration of Conflux’s tree graph, dual proof of rights, and workload proof technology makes it possible for users to access Web3 and Metaverse more quickly and efficiently while enabling high-performance blockchain transactions. This innovative approach is undoubtedly a step in the right direction toward widespread blockchain adoption.