by Danny ParkQuick TakeThe two entities will collaborate on utilizing web3 technology for fraud prevention in SIM cards. Spain-based telecommunications company Telefonica announced a strategic alliance with web3 solution provider Chainlink Labs on Thursday. With the partnership, the two will integrate real-world telecommunications capabilities into blockchain networks for improved security, according to a press release shared with The Block.The first use case in the partnership will involve the SIM SWAP API, introduced by the Global System for Mobile Communications Association Open Gateway — a mobile network that provides Application Programmable Interfaces for developers. Telefonica is a member of GSMA.SIM SWAP API…
