tl;dr
Telefónica, a major telecommunications provider, is teaming up with Chainlink to enhance security against Web3-related hacks and exploits, including "SIM Swap" attacks. The partnership will secure smart contracts and connect them with other APIs on the "GSMA Open Gateway," a project that aims to bri...
Telefónica, a major telecommunications provider, is teaming up with Chainlink to enhance security against Web3-related hacks and exploits, including "SIM Swap" attacks. The partnership will secure smart contracts and connect them with other APIs on the "GSMA Open Gateway," a project that aims to bring telecom technologies into the Web3 ecosystem. This collaboration emphasizes the need for secure oracle networks to deliver real-world data on-chain and will introduce a new API in Brazil to safeguard blockchain transactions against unauthorized changes to SIM cards.
One of the world's largest telecommunication services providers, Telefónica (TEF), is partnering with decentralized oracle network Chainlink (LINK) to ensure security against Web3-related hacks and exploits, including "SIM Swap" attacks. The partnership will provide security for smart contracts that will connect with other Application Programmable Interfaces (APIs) on the "GSMA Open Gateway," according to a statement published on Thursday. The first GSMA Open Gateway API, called SIM SWAP, will be introduced in Brazil to add a layer of extra security to blockchain transactions.
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