According to a Feb. 15 announcement, Conflux Network, also known as Shanghai Tree-Graph Blockchain Research Institute, said that it secured a partnership with China Telecom to develop a blockchain SIM (BSIM) card. As told by Conflux, the BSIM will have a secure place to store digital private keys and will be to call upon the said signature to transfer money to other users. In addition, 'one-click direct check' functionality will allow users to check for transaction information and status progress in real-time. 

Conflux also claims that the new BSIM card is able to store nonfungible tokens or NFTs, with support for transfer and exchange functionality. The firm also explains that with technology from China Telecom, the BSIM can have upwards of "10-20 Times Storage Space" compared to regular SIM cards, allowing for optimized access to decentralized applications and digital communities.