in China, has today announced a new collaboration with World Mobile, the only
global mobile network built on the blockchain.
The
partnership comes on the heels of the successful launch of the Conflux BSIM
card earlier this year and will see the two companies work together initially
in four areas:
1)
Public Bridging
World Mobile Token (WMT) will bridge from Cardano
blockchain into the Conflux blockchain ecosystem and will be the first bridge
outside the Cardano ecosystem for the mobile network’s native token.
2) Tech Integration
World Mobile and Conflux will collaborate on the technical
integration of the Conflux network into World Mobile’s sidechain, AyA, bringing
EarthNode capabilities and financial settlement to the Conflux network.
3) Asian and African Market Expansion
Conflux and World Mobile enjoy a strong presence in the
Asian and African markets, respectively. The two businesses will work together
to leverage these strengths to increase connectivity, drive user acquisition
and further market penetration in key markets. Conflux’s CFX now ranks top 3 in
most popular crypto currencies in Nigeria. This is especially relevant as
Nigeria holds nearly 68% of crypto interest in Africa. World Mobile has
recently concluded successful field tests of its hybrid dynamic network in
Nigeria, following a successful commercial launch in Zanzibar earlier this
year.
4) Blockchain-based SIM card development
World Mobile and Conflux will collaborate on how the mobile
network can best utilize Conflux’s blockchain-based SIM card to increase access
to digital connectivity across the world.
YuanJie Zhang, Co-Founder of Conflux, said of the
partnership: “Conflux Network takes its mission to push the frontier of Web3
adoption at a low cost, with fast speed and decentralized security very
seriously. One important strategy is to promote collaboration with
telecommunication service providers all over the world. World Mobile is the
next significant partner Conflux brings on board after China Telecom.
Together, affordable and applicable blockchain technology
is bridged beyond Asia to the rest of the world.”Zachary Vann, Head of Token,
World Mobile Token added: “We are excited to work with Conflux to build a more
connected and inclusive future. This partnership will accelerate our market
expansion in Asia and to provide connectivity globally. The Conflux network has
a unique, regulatory-compliant blockchain, and the world’s first
blockchain-based sim cards bring many opportunities to our mobile network and
our AyA chain. This is our most significant partnership to expand our network
and sharing economy into the Asian markets and beyond.”
About Conflux
Conflux Network (https://confluxnetwork.org/) is a
permissionless Layer 1 blockchain connecting decentralized economies across
borders and protocols. Recently migrated to hybrid PoW/PoS consensus, Conflux
provides a fast, secure, and scalable blockchain environment with zero
congestion, low fees, and improved network security.
As the only regulatory-compliant public blockchain in
China, Conflux provides a unique advantage for projects building and expanding
into Asia. Conflux has collaborated with global brands and government entities
in the region on blockchain and metaverse initiatives, including the city of
Shanghai, McDonald’s China, and Oreo.
About World Mobile
World Mobile was founded with a far-reaching goal: to
connect everyone, everywhere while advocating for economic freedom and dignity.
Unlike traditional mobile networks, World Mobile is based on blockchain and
incentivizes people to be part of a sharing economy that taps into the trillion
dollar global telecom market. Individuals and business owners around the world
can operate nodes on its network and bring their community online while earning
revenue.
This article was written by FL Contributors at www.forexlive.com.