Home » Verizon get a new patent for developing virtual SIMs on Blockchain
Cryptocurrency

Verizon get a new patent for developing virtual SIMs on Blockchain

Verizon, a leader in communications and technology, is focused on creating dynamic virtual SIM cards for its customers.

On Sept. 10, the Telecommunications conglomerate was awarded a patent that allows it to use virtual subscriber identity modules (vSIMs) in various devices.

Per the blockchain encryption technology filing, the United States Patent and Trademark Office permitted the firm to replace traditional physical SIM with a software SIM version.

With the existence of only a single copy of the vSIM on a single device at a time, users will be assured more security.

Furthermore, the document went on to explain as follows:

“The network device initiates creation of a blockchain including a vSIM certificate for the network services, wherein the vSIM certificate includes an International Mobile Subscriber Identity (IMSI). […] The vSIM can be retrieved and used by any one of different devices associated with the user account, transferred between devices associated with the same user account, or temporarily assigned to other users.”


A special authentication code is usually needed for any individual to access VSIMs. Meaning that if any person inserts a code via the customer’s device that does not match the authentication code registered, the person will not be able to access the vSIM platform.

Bribing Attempts from a hacker

An unnamed individual reportedly used Reddit to approach an anonymous source at Verizon and offered some bribes so as to get SIM swaps. Besides that, the briber promised the source that he could earn up to $1,000 per week for when he transfers phone numbers of customers onto new SIM cards.

In yet another similar event, the hacker also used on Reddit to try to lure another Verizon employee on the promise that he would be able to make “$100,000 in a few months.” He was required to “either activate the SIM cards for [the hacker] when [he was] at work or give [the attacker his] Employee ID and PIN.”

Source: https://cointelegraph.com/news/verizon-awarded-patent-for-blockchain-based-virtual-sim-cards

Tags

About the author

James Lovett

James Lovett

James is a passionate writer on cryptocurrency industry and other disruptive technologies in the crypto world. He has written several crypto articles for numerous websites and blogs over the years.

Add Comment

Click here to post a comment

The following GDPR rules must be read and accepted:
This form collects your name, email and content so that we can keep track of the comments placed on the website. For more info check our privacy policy where you will get more info on where, how and why we store your data.