In an innovative move, Telefonica, one of Spain’s telecommunications leaders, has partnered with Chainlink Labs to fortify its API connections across the blockchain platform, Polygon. This collaboration marks a significant step forward in securing telecommunications through blockchain technology.

Partnership Details

Telefonica’s recent announcement reveals that the company will be utilizing Chainlink Functions to securely bridge its telecom systems with blockchain networks. The primary goal is to authenticate data from disparate sources using the GSMA’s Open Gateway SIM SWAP API.

Enhancing Security in Brazil

The telecom giant has already taken strides in Brazil through its carrier Vivo (Telefonica Brazil), where it is leveraging the integration to scrutinize the security status of SIM cards. This measure is a proactive approach to combating fraud and securing customer data.

Chainlink Functions and SIM SWAP API

Chainlink’s integration with the SIM SWAP API is particularly noteworthy. It provides an additional security layer for blockchain transactions, allowing smart contracts to request information about the SIM card’s integrity, ensuring no unauthorized changes have been made.

Industry Enthusiasm

Johann Eid, Chainlink Labs’ Chief Business Officer, has expressed his excitement about the partnership. He foresees this collaboration as a means to bolster security across the blockchain ecosystem, ultimately safeguarding user assets and information.

Telefonica’s Blockchain Ascent

Telefonica is no stranger to blockchain endeavors. Earlier in January, the company joined forces with Nova Labs, creators of the Helium Network, to introduce Helium Mobile Hotspots in Mexico. This initiative aims to augment mobile service coverage in specific areas using the OpenWifi standard.

Movistar and Helium Network Collaboration

As part of the venture with Nova Labs, select Movistar customers in Mexico can now connect to the Helium Mobile Network using their Movistar SIM cards. Telefonica ensures the integrity of hotspot connections by monitoring their status before permitting data access over the Helium Network.