Vodafone: Looking to integrate cryptocurrency wallet and blockchain technology into mobile phone SIM cards

According to a report by Cointelegraph, British telecom provider Vodafone hopes to integrate its cryptocurrency wallet with the Subscriber Identity Module (SIM), also known as the SIM card. , bringing blockchain technology to smartphone users.

In a recent exclusive interview with Yahoo Finance’s Future Focus program, Vodafone’s head of blockchain David Palmer described the company’s plan to integrate blockchain technology into smartphone SIM cards: We are focused on integrating SIM cards into smartphones. The card is connected to the digital identity, the SIM card is connected to the blockchain, and these encryption technologies are integrated in the SIM card.

Palmer predicts that there will be 8 billion smartphones by 2023, and the number of crypto wallets will surge to 5.6 billion by 2030, accounting for nearly 70% of the global population. It also emphasized that the platform can facilitate seamless transactions between public and private blockchains such as Ethereum, as well as provide decentralized digital identities for IoT devices.

Vodafone established a 10-year strategic partnership with Microsoft at the beginning of the year. Vodafone will invest US$1.5 billion over the next 10 years in cloud and customer-centric artificial intelligence services developed with Microsoft. Microsoft will leverage Vodafone's fixed and mobile communications services.

After announcing the deal, Microsoft CEO Satya Nadella also took the opportunity to promote the disruptive nature of his company's artificial intelligence technology, claiming that the new generation of artificial intelligence will bring huge new opportunities to every organization and industry around the world. .

The above is the detailed content of Vodafone: Looking to integrate cryptocurrency wallet and blockchain technology into mobile phone SIM cards. For more information, please follow other related articles on the PHP Chinese website!