Conflux Network, a public blockchain supported by the Chinese government, has partnered with China Telecom to launch its first blockchain-based SIM card, called BSIM. The card offers users access to blockchain-based functions such as digital identity verification, on-chain data storage, and asset management. It also enhances mobile phone security against cyber attacks. The BSIM card will be piloted in Hong Kong, with plans to introduce it to mainland China and overseas markets. Conflux Network claims to be the only regulatory-compliant public blockchain in China and has collaborated with various enterprises and government entities on blockchain and metaverse initiatives.