China Telecom recently released a white paper on using 5G and blockchain technology for the next generation of smartphones at the China International Intelligent Industry Expo, where it presented the benefits of adopting these new technologies to enhance security for users.
According to Cointelegraph, China Telecom revealed that some of the advantages of implementing blockchain technology to smartphones include enhanced transparency for transactions and more automation. Blockchain will also empower users to manage their digital assets, while the company expressed confidence that “regardless of data volume, data varieties and data dimensions, data assets will grow”.
China Telecom added that although more smartphone manufacturers are adopting blockchain for the mobile industry, the rate of mass adoption remains slow as smartphones that offer full blockchain features are not being mass produced.
In its white paper, China Telecom said blockchain technology will allow mobile carriers to address issues that are still all too common on mobile networks, such as loss of data, identity theft, and fraud. The white paper also included a description of the company’s project to develop a digital asset management platform powered by blockchain.
The firm cited an example of an area where blockchain can play a huge role in preventing theft and losses, as companies will be able to gather the IMEI numbers of smartphones, upload them to the blockchain, and instantly be able to identify devices that have been stolen in order to provide enhanced security to its users.
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