NEM Partners with Israeli-Lithuanian Telecom Startup on Cell Phone Security

NEM, one of the oldest peer-to-peer blockchain networks, has partnered with Israeli-Lithuanian telecom startup FIX Network to increase security and data protection for cell phone users and to solve the issue of SIM swapping. FIX Network will implement SYMBOL from NEM’s enterprise-grade blockchain into its existing cellular infrastructure.

Phone numbers may end up more important than social security numbers FIX Network’s architecture is designed to allow mobile operators to deliver services such as digital identity management, cryptocurrency wallets, and personal data firewalls to mobile subscribers, enabled by the safekeeping of private keys on the subscribers’ SIM cards. Nate D’Amico, CTO of NEM Foundation said that, “FIX Network takes established infrastructure — the worldwide cellular network — and uses it to create a better, fairer, and safer way to transact.”.

Timeline of Nem