Omnichain protocol LayerZero has entered into a cooperation agreement with Conflux regarding the use of blockchain-based SIM cards (BSIM) developed by the startup and China Telecom.
🚀 We’re thrilled to announce our partnership with @LayerZero_Labs bringing omnichain capabilities to China Telecom’s blockchain-based SIM card (BSIM)!https://t.co/BOkdbBpGUq
Read on for the exciting details!
— Conflux Network Official (@Conflux_Network) October 3, 2023
Through the partnership, BSIM owners will be able to transfer assets and messages between networks via LayerZero.
Singapore-registered public blockchain developer Conflux announced a joint project with China Telecom in February. The parties then said they would launch a BSIM pilot in Hong Kong by the end of the year and then roll it out to mainland China.
The created SIM cards allow you to safely store private keys on users’ phones.
LayerZero Labs CEO Brian Pellegrino confirmed that thanks to the integration of Conflux, the project plans to expand its presence in the Asia-Pacific region.
According to him, they also expect to attract some of China Telecom’s 390 million customers through BSIM.
Let us remind you that in September LayerZero integrated the oracles of the Google Cloud service.
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