Chainlink has secured a strategic partnership with Telefonica, a global telecommunications powerhouse, to secure the connection of Web3 smart contracts with Global System for Mobile Communications Association (GSMA) Open Gateway APIs, according to a Feb. 15 statement shared with CryptoSlate.“This 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 onchain,” per the statement.The first use case will involve the SIM SWAP API. According to Telefonica, the API integrates SIM swap detection and management functionality into applications and enhances security by identifying potentially fraudulent activity.This collaboration…
