Phase 1 : Capturing the Market

Introduction

As Jellyfish Mobile embarks on the pioneering journey of enhancing telecommunications with blockchain technology, Phase 1 of the SIM3 project lays the foundation for a secure, decentralized mobile experience. This phase introduces a suite of features designed to protect users' digital identities and assets, marking a significant step toward a safer Web3 integration.

Phase 1 Features

Blockchain-Enabled SIM Swap Detection
Device and Location Change Alerts
Secure Event Notification for Wallet Transactions
Protection against Dust Attacks
Panic Button for Immediate Response

How it works

The diagram illustrates the process by which a Web3 wallet client utilizes the SIM3 card to sign transactions for a decentralized application (dApp). Here's the simplified step-by-step explanation of the diagram, numbered 1 to 3:

Web3 Wallet: The user starts with their Web3 wallet, a digital wallet that allows them to store, manage, and transact with cryptocurrencies and tokens. This wallet is equipped to interact with blockchain technology.
SIM3 Network Connection: The SIM3 card within the user's mobile device connects to the SIM3 network, which likely provides a secure and direct channel to communicate with blockchain services.
Transaction Signing: Using the SIM3 card's features, the transaction initiated by the user in their Web3 wallet is securely signed. This step is crucial as it ensures that the transaction is authenticated and authorized by the user's unique credentials stored on the SIM3 card. The signed transaction is then sent to the blockchain network. The blockchain verifies the transaction using cryptographic methods and, once confirmed, the transaction is recorded in the blockchain ledger. This process ensures the integrity and immutability of the user's interaction with the dApp.

Through these steps, the SIM3 card facilitates a secure, efficient, and user-friendly method for engaging with decentralized applications and services, leveraging the security features of blockchain technology.

PreviousActivities & Roadmap NextCombating SIM Swap Attacks

Last updated 10 months ago

Introduction

Phase 1 Features

Blockchain-Enabled SIM Swap Detection

Device and Location Change Alerts

Secure Event Notification for Wallet Transactions

Protection against Dust Attacks

Panic Button for Immediate Response

How it works

Web3 Wallet: The user starts with their Web3 wallet, a digital wallet that allows them to store, manage, and transact with cryptocurrencies and tokens. This wallet is equipped to interact with blockchain technology.

SIM3 Network Connection: The SIM3 card within the user's mobile device connects to the SIM3 network, which likely provides a secure and direct channel to communicate with blockchain services.

Transaction Signing: Using the SIM3 card's features, the transaction initiated by the user in their Web3 wallet is securely signed. This step is crucial as it ensures that the transaction is authenticated and authorized by the user's unique credentials stored on the SIM3 card. The signed transaction is then sent to the blockchain network. The blockchain verifies the transaction using cryptographic methods and, once confirmed, the transaction is recorded in the blockchain ledger. This process ensures the integrity and immutability of the user's interaction with the dApp.