It's official: Verizon is getting in to the Blockchain game.
The telecommunications conglomerate just acquired a patent for virtual SIM cards that use the technology.
Their eventual goal? Blockchain-powered mobile phone security.
CryptoNewZ covered the story:
A device on the mobile network will help to create a user account for storing one or multiple vSIMs and will also offer a chance for the selection of network services to be linked with the account.
The network device then facilitates a blockchain record, including a vSIM certificate for the network services. It also assigns an International Mobile Subscriber Identity (IMSI) number that renders a unique identification to all the users operating on a cellphone network.