China Telecom to Develop Blockchain 5G SIM Cards

China Telecom to Develop Blockchain 5G SIM Cards


China remains committed to the world's technological dominance. State-owned telecom giants – the advent of Blockchain and other emerging technologies now considers that China Mobile, China Unicom and China Telecom are the essential elements to activate the Chinese market. When experts discuss 5G, speed and the capacity to transfer data worldwide are also discussed. Safety and data are some of the most compelling reasons for using both technologies side by side, because blockchain is built to protect the privacy of people themselves.

According to a report from local financial news service Sina News, DSAD China Telecom has recently launched a White Paper on blockchain-powered Smartphones in the 5G age.

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The China Telecom, Blockchain and the Digital Economy Joint Laboratory issued the "White Paper"on 5G Era Blockchain Smartphones at the 2019 China International Intelligent Industry Expo. The White Paper explains China Telecom's blockchain application platform using unmistakable decentralized technology to lead the new digital economy, to provide a more stable hardware infrastructure for 5G mobile phones and to eventually decentralize 5G mobile phones. Knots to build a new network for value transmission and form the mobile security ecosystem.

Over the next 10 years, according to information given by the China Academy of Information and Communications Technology, the Chinese government and leading technology firms in China expect to make a combined investment of $411 billion in developing 5G.

The 5G era will generate an explosion of data, while millions of IoT-enabled devices will benefit from greater bandwidth and will allow more people to enjoy the opportunity to access high-security cell phones. Economic incentives and commercial value from the 5G era would empower people to increasingly believe in the latest smartphone terminal from the 5G era, which protects the privacy, self-control and high speed, tradable and administerable digital assets and designs smartphones

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Though China has adopted a strict crypto-policy, its state-owned telecommunications company now massively speculated on the technology's potential for privacy and protection in the  5G age. According to the article, the only technology that enables users to secure their data in such a time has come to be blockchain.

The 5G era will allow more people to enjoy the opportunity to access high-security cell phones. Economic incentives and commercial value from the 5G era would empower people to increasingly believe in the latest smartphone terminal from the 5G era, which protects the privacy, self-control and high speed, tradable and administerable digital assets and designs smartphones.

 

Resources:

https://decrypt.co/8847/china-telecom-blockchain-smartphone

https://finance.sina.com.cn/blockchain/roll/2019-08-27/doc-ihytcitn2316560.shtml

https://blockchain.news/news/chinese-telecom-giants-cite-blockchain-as-the-enabler-for-the-roll-out-of-5g

https://www.asiablockchainreview.com/china-telecom-set-to-develop-blockchain-enabled-5g-sim-cards/

https://www.btcnewz.com/en/crypto-news/117766/china-telecom-blockchain-significant-use-cases-5g

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