Telefónica Teams Up With Chainlink to Provide Security Against 'SIM Swap' Hacks

Telefónica Teams Up With Chainlink to Provide Security Against 'SIM Swap' Hacks

The partnership will be a "significant step" in integrating telecom capabilities into the blockchain technology, the firms said.

Telefonica partners with Chainlink for SIM card security

Telefonica and Chainlink will first collaborate on utilizing web3 technology for fraud prevention in SIM cards.

How Telefónica and Chainlink Plan to Combat SIM Swapping

If a smart contract receives a response from an API with evidence you've been SIM swapped, then it will refuse to process transactions.

Just-In: Telefonica Partners Chainlink Boosting Security Against SIM Swap Scams

Telefónica, a global telecommunications company, has forged a strategic alliance with Chainlink Labs, a prominent player in the blockchain space. This partnership aims to leverage Chainlink Functions, recognized as a top-tier Web3 connectivity solution. By integrating Telco capabilities into the blockchain industry, Telefónica and Chainlink are addressing the growing need for secure and reliable data transmission within decentralized networks. C…