Verizon Awarded New Patent To Create Virtual SIMs Using The Blockchain
The telecom giant Verizon has just won an important new patent. The patent is related to a new product of the company that will be used on using the blockchain to create SIM cards in a much more dynamic way.
According to reports, the patent describes how to replace a SIM card by a virtual one, which would be secured using the blockchain technology. A blockchain record would be created on the blockchain for the vSIM and a certificate would be created. After that, the vSIM number would be linked to the person’s account and activated via smartphones.
Verizon would have nodes that would be used to create a distributed network that would prevent the system from being attacked or tampered with. According to the company, the technology would be protected by a hash three structure and all the data would never be altered, as the blockchain is immutable.
One of the main attractions of the technology, despite its security, is that the vSIM number could be used by more than a single phone at a time. The number could even be temporarily linked to other users for some time and then revoked. This would make the vSIM technology much more malleable than the one that is being used today.
The patent states that with a single implementation, the users could accept new vSIM certificates, transfer them and deliver certificates to other users. A company could, for instance, buy several numbers, assign to employees and then later re-assign these numbers to other employees later.