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Verizon Makes Blockchain Play with Virtual SIM Card Project

Saturday, Sep 21 2019
Blockchain
Written by  FinTech News Brief Staff
Verizon Makes Blockchain Play with Virtual SIM Card Project

Verizon is considering the use of blockchain technology to create virtual SIM cards, and was given a patent from the U.S. Patent and Trademark Office toward that end. So reports Coindesk.

The new cards could replace “pre-inserted, branded physical SIM cards.” The virtual SIMS could be assigned to more than one device, transferred between devices and temporarily assigned to others. Verizon has also backed a $15 million funding round for Filament, a company working on blockchain hardware.

Click here to read the full article from Coindesk.

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