China Telecom — a Chinese state-owned telephone operator — recently released a whitepaper on blockchain-powered smartphones in the 5G era.
According to Sina’s (a local finance news outlet) Aug. 27 report, the Major phone operator produced the white paper at the China International Intelligent Industry Expo.
China Telecom highlighted in the document transaction traceability and automation as some of the benefits that application of blockchain technology to mobile phones.
The white paper emphasized that “regardless of data volume, data varieties and data dimensions, data assets will grow geometrically” as individuals can be able to control their own digital asset in the 5G era.
Per Sina, even though the mobile industry has experienced growth in adoption of blockchain, the company noted that the current stage has a lower rate since blockchain-powered mobile phones are yet to be produced in mass.
China Telecom also found out that rather than implementing the technology’s real power, most blockchain mobile phone manufacturers are using blockchain to create hype in the market. As a result, this has led to churning out of poor performing blockchain smartphones.
China Telecom’s project
The intention of creating the blockchain application ecosystem that the white paper describes was for solving major operating mobile networks issues such as loss of data, identity theft crimes, harassment, and fraud. A SIM card-based blockchain digital asset management system project is also described in the white paper.
Creation of Blacklists that are associated with trusted IMEIs and later encrypting it through blockchain is an example of anti-theft and anti-loss that the company could implement.
China Telecom went on to say that smartphone suppliers, end-users, and carriers are able to immediately identify and disable any stolen mobile device when it is blacklisted.
5G blockchain, as the white paper noted entails five major application cases, namely; digital identity verification, supply chain tracing application, financial application, express delivery industry, and judicial application.
The economic value of devices has risen with the 5G and blockchain combining since the capability found in 5G helps blockchains obtain shorter block times as well as increase decentralization and node participation.