China Telecom Presents White Paper for Blockchain Smartphone

Asia Blockchain Review
September 9, 2019
China Telecom Presents White Paper for Blockchain Smartphone

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.

Smartphone Users Ready for Blockchain Technology

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.

Addressing Mobile Issues with Decentralized Technology

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.

Source: https://cointelegraph.com


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

    Related Article
    ESMA Attempts to Create ‘Sound Legal Framework’ for Crypto Assets
    The European Securities and Markets Authority (ESMA) will impose more rules on cryptocurrencies and ...

    January 24, 2020

    Why many Traders are Moving from Forex to Crypto
    This article takes a closer look at the possible reasons for the transition from forex to crypto.

    January 23, 2020

    Tron Founder Justin Sun Opens Up About US$1M Donation to Great Thunberg
    After pledging to donate US$1 million to Swedish environmental activist Greta Thunberg, Tron founder...

    January 23, 2020

    We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us