According to Planet Daily, Spanish telecommunications company Telefónica announced a strategic alliance with Web3 solution provider Chainlink Labs. The two parties will work to integrate real-world telecommunications functions into blockchain networks to improve security. The first use case will involve the SIM SWAP API, introduced by the Global System for Mobile Communications Association Open Gateway. Through Chainlink Functions, the SIM SWAP API will enable developers to verify data from a variety of sources. Telefónica said this will help ensure that SIM cards are protected from unauthorized changes and provide an additional layer of security for blockchain transactions.