Tech
Vodafone uses SIM card technology for blockchain-based digital wallets on mobile phones
In this week’s episode of Yahoo Finance Future Focus, our host Brian McGleenon delves into the world of blockchain technology with David Palmer, Vodafone Blockchain Lead and PairPoint CPO. Palmer shed light on Vodafone’s approach to integrating blockchain with mobile technology, particularly through the use of SIM cards. He began by highlighting the vastness of mobile phone usage, with a prediction of 8 billion devices in operation by 2023, and then underlined the central role of mobile phones as the primary gateway for digital applications and commerce, highlighting the importance of take advantage of SIM card technology. for blockchain integration. The discussion turned to the expected mass adoption of blockchain-based digital wallets on mobile phones, with Palmer predicting an increase to 5.6 billion wallets by 2030. The episode delved into the PairPoint Digital Asset Broker (DAB) platform ) by Vodafone, providing insights into how the platform facilitates seamless transactions on public blockchains like Ethereum, as well as private ones, and how it gives IoT devices decentralized digital identities.