NEM Partners With Israeli-Lithuanian Telecom Startup On Cell Phone Security

NEM, one of many oldest peer-to-peer blockchain networks, has partnered with Israeli-Lithuanian telecom inauguration FIX Network to extend safety and cognition safety for cell customers and to unravel the difficulty of SIM swapping.

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FIX Network will implement SYMBOL from NEM's enterprise-grade blockchain into its current mobile infrastructure. The purpose is to safe the world's eight billion SIM performin card game from cybercriminals with new privateness, safety, administration and security options.

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FIX Network's structure is designed to permit cell operators to ship providers akin to digital identification administration, cryptocurrency wallets, and private cognition firewalls to cell subscribers, enabled by the guardianship of personal keys on the subscribers' SIM performin card game.

The first product would be the FIX ID app, which firmly identifies members by way of subscriber-owned international cell numbers that function distinctive digital identities. The preliminary consignment of 10,000 FIX Secure ID SIMs, pre-ordered in June 2019, is expected to ship by the top of April this 12 months.

FIX Network has launched its personal international cell service that gives roaming agreements in 186 international locations.

Nate D'Amico, CTO of NEM Foundation mentioned that, "FIX Network takes established infrastructure - the worldwide cellular network - and uses it to create a better, fairer, and safer way to transact."

Itamar Kunik, the CEO of FIX Network added:

"The enterprise nature of Symbol and the native features inherent in its platform are fundamental to the steady adoption and implementation of the FIX Network solution by the telecommunications industry."


NEM Partners With Israeli-Lithuanian Telecom Startup On Cell Phone Security
NEM Partners With Israeli-Lithuanian Telecom Startup On Cell Phone Security

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