NEM, one of many oldest peer-to-peer blockchain networks, has partnered with Israeli-Lithuanian telecom startup FIX Community to extend safety and
NEM, one of many oldest peer-to-peer blockchain networks, has partnered with Israeli-Lithuanian telecom startup FIX Community to extend safety and knowledge safety for cellphone customers and to unravel the difficulty of SIM swapping.
FIX Community will implement SYMBOL from NEM’s enterprise-grade blockchain into its present mobile infrastructure. The purpose is to safe the world’s eight billion SIM playing cards from cybercriminals with new privateness, safety, administration and security options.
Cellphone numbers could find yourself extra essential than social safety numbers
FIX Community’s structure is designed to permit cellular operators to ship providers resembling digital id administration, cryptocurrency wallets, and private knowledge firewalls to cellular subscribers, enabled by the safekeeping of personal keys on the subscribers’ SIM playing cards.
The primary product would be the FIX ID app, which securely identifies members via subscriber-owned world cellphone numbers that function distinctive digital identities. The preliminary consignment of 10,000 FIX Safe ID SIMs, pre-ordered in June 2019, is anticipated to ship by the top of April this yr.
FIX Community has launched its personal world cellular service that gives roaming agreements in 186 nations.
Nate D’Amico, CTO of NEM Basis mentioned that, “FIX Community takes established infrastructure — the worldwide mobile community — and makes use of it to create a greater, fairer, and safer approach to transact.”
Itamar Kunik, the CEO of FIX Community added:
“The enterprise nature of Image and the native options inherent in its platform are basic to the regular adoption and implementation of the FIX Community resolution by the telecommunications trade.”