C3-Research learned,

According to Xinhua Finance, on May 16, the BSIM card jointly developed by China Telecom Co., Ltd. Research Institute and Shanghai Shutu Blockchain Research Institute was released in Shanghai.

China Telecom will work with partners to promote the implementation of digital asset card BSIM in Hunan and other places, and apply it to scenarios such as Yuanverse digital assets, digital identity authentication, and Internet of Things device collection.