Spanish telecommunications giant Telefonica recently announced its partnership with Chainlink, a move aimed at combating Web3-related exploits, including SIM card fraud. Considering the damage these exploits have inflicted on the crypto space, this is undoubtedly a welcome development. 

How This Partnership Will Boost Web3 Security

Telefonica mentioned integrating Chainlink, the decentralized Oracle network, to strengthen Web3 security with the GSMA Open Getaway. GSMA Open Gateway is a “framework of common network APIs (Application Programming Interface) designed to provide universal access to operator networks for developers.”

Telefonica integrating Chainlink will “enable the secure connection of Web3 smart contracts” with the help of the GSMA Open Gateway API. One of the APIs supported by GSMA includes SIM SWAP, which will be the first use case introduced in this partnership. The SIM swap API allows developers to integrate this functionality into their applications. 

In this instance, Chainlink, already known for connecting blockchain-based smart contracts to real-world data through its oracles, will act as the intermediary, supplying Web3 applications with data from the SIM swap API. These data will include information like date

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Author: Scott Matherson

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