BLOCK SIM is a decentralized payment gateway for existing telecom networks, that aims to resolve the problems associated with traditional telecommunication by deploying it on blockchain. BLOCK SIM wants to eliminate all charges charged by voice and data services and reward BLOCK SIM users from the revenue generated through digital advertisements.
BLOCKSIMS is based on the distributed sharing model-allowing all users to access the ledger. It eliminates the possibility of centralized control, individual points of failure and risk of hacking attacks by the ledger across the network, thus providing the users a trust, they are painted in centralized telecom networks.
Speed and Efficiency
Being a decentralized technology, BLOCKSIMS blockchain completely eliminating the role of expensive infrastructure as well as the need for central authorities or intermediaries. It increases the speed of digital exchange between people, departments and provides quicker, efficient and seamless transmission of information.
Security and Encryption
All transactions within the BLOCKSIMS ecosystem are encrypted through the combination of public and private keys. It combines cryptography and digital signatures to prove identity, and its sequential block formation pattern of the blockchain eliminates the possibility of tampering historical records.
BLOCKSIM wants to integrate the problem of high-cost systems and provide access / authentication settings for roaming calls across networks and operators. It wants to enable complex datasets across multiple parties, in real time with high trust and security, especially for establishing subscriber identity.
With the help of Blockchain, BLOCKSIM intends to provide device connected to multiple local hotspots and WIFIs based on permission and adherence to certain conditions and conditions. It wants help with an automatic generation of billing and payments.
BLOCKSIMS would develop identity management tool that is accessible to organizations, devices, and applications.
Content Distribution and Sharing
BLOCKSIMS wants allow content providers to search YouTube, Vimeo, Daily Motion or Netflix through a BLOCKSIMS and then provide their content to their registered users-facilitating them to avoid high-cost data charges. This use can case also help friends or families sharing their internet bundles with each other.