{"id":247872,"date":"2024-02-15T16:52:31","date_gmt":"2024-02-15T11:22:31","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=247872"},"modified":"2024-02-15T16:52:31","modified_gmt":"2024-02-15T11:22:31","slug":"chainlink-partnership-to-enable-smart-contract-interactions-with-telecom-networks-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/chainlink-partnership-to-enable-smart-contract-interactions-with-telecom-networks-crypto-news\/","title":{"rendered":"Chainlink Partnership To Enable Smart Contract Interactions With Telecom Networks &#8211; Crypto News"},"content":{"rendered":"<p>Chainlink Labs will enable Polygon-based smart contracts to query Telefonica&#8217;s mobile operators.<\/p>\n<div>\n<p>Chainlink Labs has teamed up with Telefonica, a Spain-based multinational telecommunications firm, to facilitate Polygon-based smart contract interactions with its telecom networks.<\/p>\n<p>The partnership was\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.telefonica.com\/en\/communication-room\/press-room\/telefonica-integrates-chainlink-to-strengthen-web3-security-with\/\">announced<\/a>\u00a0on Feb. 14, allowing Polygon-based smart contracts to query information from Telefonica and its subsidiaries via the Global System for Mobile Communications (GSMA) Open Gateway APIs.<\/p>\n<p>\u201cOur collaboration with Telef\u00f3nica on the Open Gateway initiative extends the ways in which the industry-standard Chainlink platform underpins security across the blockchain ecosystem,\u201d said Johann Eid, chief business officer at Chainlink Labs. \u201cBringing Telef\u00f3nica\u2019s Open Gateway APIs on-chain with Chainlink Functions unlocks novel use cases and greater security for our industry.\u201d<\/p>\n<p>GSMA Open Gateway comprises a suite of standardized telecommunications AIPs designed to expand the functionality of mobile networks, including integrations with web3. Telefonica said the APIs facilitate secure account creation, advanced fraud detection, and enhanced privacy.<\/p>\n<p><!--$!--><!--\/$--><\/p>\n<p>Telefonica\u2019s Brazilian subsidiary will be the first telecoms company to commercialize the integration. The company will leverage the GSMA Sim Swap API to protect against fraud, particularly SIM-swaps and similar \u201ctakeover attacks.\u201d<\/p>\n<p>The GSMA Open Gateway initiative was\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.gsma.com\/newsroom\/press-release\/spanish-mobile-industry-to-launch-online-anti-fraud-and-identity-services-through-gsma-open-gateway-initiative\/\">rolled out<\/a>\u00a0by leading mobile operators in Spain on Feb. 6, with Telefonica, Vodafone, and Orange supporting two of the eight APIs. GSMA said 39 telecommunications operators spanning 228 mobile networks currently support the APIs globally, including Amazon Web Services, Microsoft Azure, and Nokia.<\/p>\n<p>\u201cThis collaboration marks a significant step in integrating telco capabilities into the blockchain industry and demonstrates the need for secure oracle networks to deliver real-world data on-chain,\u201d Telefonica said. \u201cThis interconnected ecosystem enhances the functionality and security of Web3 applications, contributing to a more robust and verifiable digital landscape.\u201d<\/p>\n<p>GSMA is an industry association and lobby organization representing more than 1,000 mobile operators worldwide.<\/p>\n<h2>The rise of DePIN<\/h2>\n<p>The news comes amid increasing buzz surrounding web3\u2019s nascent Decentralized Physical Infrastructure Networks (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/depin-crypto-s-biggest-sector-of-2024\">DePIN<\/a>) sector.<\/p>\n<p>Examples include the recent\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/hnt-rallies-50-after-helium-expands-mobile-service-nationwide\">success<\/a>\u00a0of Helium\u2019s mobile services \u2014 including Telefonica teaming up with the project to\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/telefonica-and-nova-labs-launch-helium-mobile-hotspots-in-mexico\">launch<\/a>\u00a0Helium mobile hotspots in Mexico last month, mapping networks like Hivemapper and DIMO, energy networks like React or Energy Web, and decentralized cloud computing projects like Filecoin.<\/p>\n<p><!--$--><\/p>\n<div class=\"relative flex items-center gap-2 rounded-md bg-[#191919] p-2 my-4 lg:hidden\">\n<div class=\"relative group  flex w-max items-center gap-2  p-2 text-sm text-white mx-auto\"><strong class=\"whitespace-nowrap w-min sm:w-auto bg-gradient-to-r from-[#9FF9D2] to-[#DB9FF9] bg-clip-text text-transparent\">DeFi Alpha<\/strong><span class=\"whitespace-nowrap  w-min sm:w-auto border-l border-white pl-1 lg:hidden\">Premium Content<\/span><\/p>\n<div class=\"tooltip font-heading shadow-cta absolute hidden lg:visible left-6 z-10 -top-[80px] w-max max-w-xs translate-y-full flex-col rounded-lg bg-[#EEEEF4] p-3 text-left text-xs text-black group-hover:flex lg:left-auto lg:right-4\">Looking for Alpha? Become a premium member of The Defiant and join our DeFi Alpha community.<\/p>\n<ul class=\"list-inside list-disc\">\n<li>DeFi Daily | Weekdays<\/li>\n<li>DeFi Alpha Letter | Weekly<\/li>\n<li>Defiant Podcast Transcript | Weekly<\/li>\n<li>Inbox Dump | Saturday<\/li>\n<li>Weekly Recap | Sunday<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/thedefiant.io\/go-premium#pricing\" class=\"disabled:bg-cta-disabled-background disabled:text-cta-disabled-text rounded font-semibold border-cta-primary-border bg-cta-primary-background text-cta-primary-text hover:border-cta-primary-border-hover hover:bg-cta-primary-background-hover ml-auto block p-2 text-center text-sm !text-black !no-underline shadow-newButton\">Start for free<\/a><\/div>\n<p><!--\/$--><\/p>\n<p>Last month, Messari\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/messari.io\/report\/the-depin-sector-map\">estimated<\/a>\u00a0the addressable market cap for DePIN projects is $2.2T, with the potential to rise to $3.5T by 2028.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Chainlink Labs will enable Polygon-based smart contracts to query Telefonica&#8217;s mobile operators. Chainlink Labs has teamed up with Telefonica, a Spain-based multinational telecommunications firm, to facilitate Polygon-based smart contract interactions with its telecom networks. The partnership was\u00a0announced\u00a0on Feb. 14, allowing Polygon-based smart contracts to query information from Telefonica and its subsidiaries via the Global System [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":247873,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-247872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/247872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=247872"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/247872\/revisions"}],"predecessor-version":[{"id":247875,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/247872\/revisions\/247875"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/247873"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=247872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=247872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=247872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}