Verizon has won a patent in the United States for technology that can create blockchain-based virtual SIM cards.
A filing with the United States Patent and Trademark Office on Sept. 10 details a blockchain encryption technology, wherein a traditional physical SIM card can be replaced with a software SIM version. According to the filing, this ensures more security and the existence of only one copy of the vSIM on one device at a time. The document further explains:
“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.”
Protection with an authentication code
VSIMs are secured with a special authentication code which precludes any parties from accessing it if the authentication code received from a customer’s device does not match the authentication code registered with the vSIM platform.
Attempts to bribe Verizon’s staff for SIM info
In a dedicated analysis published in November last year, Cointelegraph reported that an anonymous source at Verizon had been approached via Reddit, where he was offered bribes in exchange for SIM swaps. He was told that he could make up to $1,000 per week for transferring customers’ phone numbers onto new SIM cards.
Another Verizon worker claimed that the hacker, who also found him on Reddit, promised that they would make “$100,000 in a few months” if he would cooperate — all he had to do is “either activate the SIM cards for [the hacker] when [he was] at work or give [the attacker his] Employee ID and PIN.”
This summer, Verizon was actively looking to hire new recruits for blockchain-related jobs, including blockchain developers. In particular, Verizon posted five openings for a blockchain developer on July 1. According to the listing, successful applicants would be required to “research, design, develop and test blockchain technologies” among other responsibilities.
Visit the USSA News store!
Click this link for the original source of this article.
Author: Ana Alexandre
This content is courtesy of, and owned and copyrighted by, https://cointelegraph.com and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact the USSANews.com administrator by using the contact form located in the top-left menu. Your request will be immediately honored. Please visit https://cointelegraph.com for more terrific, conservative content. The owner of this website may be paid to recommend American Bullion. The content of this website, including the positive review of American Bullion, the negative review of its competitors, and any other information may not be independent or neutral.