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LayerZero collaborates with Chinese public chain Conflux to develop blockchain-based SIM card BSIM.

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LayerZero collaborates with Chinese public chain Conflux to develop blockchain-based SIM card BSIM.

Conflux Network, a Chinese public blockchain, has announced a partnership with cross-chain protocol LayerZero to jointly develop a blockchain-based SIM card called BSIM. With the BSIM card, users will be able to transfer assets and exchange messages using LayerZero, while LayerZero can also accelerate its expansion into the Asia-Pacific market.

LayerZero to Develop Blockchain SIM Card BSIM in Collaboration with Conflux

According to Conflux's announcement, through the collaboration between the two parties, BSIM users can now:

  1. Utilize omnichain functionality on chains supported by LayerZero
  2. Transfer assets across different blockchains
  3. Enhance security against malicious software attacks

In response, Conflux officials stated: "Data on BSIM can exist on multiple blockchains, turning mobile phones into omnichain wallets, paving the way for users to explore DeFi, NFT, and gaming domains."

In the initial cross-chain feature of BSIM, it will support asset transfers between Conflux and Ethereum, with plans to add more chains in the future. In this collaboration, LayerZero will also further expand its business into the Asia-Pacific region.

Conflux Partnered with China Telecom Earlier This Year

In February this year, Conflux forged a partnership with China Telecom, the second-largest telecom company in China, to join the development of BSIM cards and announced plans for the first pilot project in Hong Kong later this year.

In the announcement at that time, Conflux mentioned that the BSIM card integrates their tree graph, PoS, and PoW technologies to provide high performance for blockchains and reduce the entry barriers for Web3.

Additionally, through public and private key management technology, digital signatures can be performed without extracting the private key, supporting encrypted storage and key recovery functions.