The major mobile telecommunication provider China Telecom has released a white paper on 5G blockchain-based smartphones. The 5G internet on blockchain smartphones will enable users to automate and trace certain activities with phones. This release took place at the China International Intelligent Industry Expo.

The white paper includes various possible advantages of using blockchain technology on smartphones. It can help users to trace transactions and one can have their own digital assets irrespective of data volume, varieties, and dimensions. Besides, there are five major application domains of these 5G blockchain phones. It includes digital identity verification, financial application, supply chain tracking, judicial and express delivery sector.

Many of the mobile manufacturers are implementing blockchain to figure out the market possibilities. However, China Telecom is taking steps to use this technology in the mobile industry. Moreover, this blockchain application ecosystem will work to eradicate mobile industry issues like fraud, harassment, loss of data and identity theft.

To deal with such thefts and losses, the telecommunication industry wills to develop blacklists based on IMEIs and encrypt it with blockchain. For instance, if a mobile is blacklisted, its carriers, phone suppliers, and users can easily deactivate the stolen device. This technology will help to identify the devices and enables them to disable it, as per the source states.