Telefónica Partners with Chainlink to Provide Added Security to Blockchain Transactions in Brazil

Telefónica, one of the world's largest telecommunication services providers, is teaming up with Chainlink to provide an added layer of security to blockchain transactions. The partnership will focus on preventing Web3-related hacks and exploits, including "SIM Swap" attacks, and will provide security for smart contracts that connect with other APIs on the GSMA Open Gateway. The first use case of the initiative will be to prevent "SIM Swap" attacks in Brazil, where Telefónica will introduce the first GSMA Open Gateway API. The collaboration marks a significant step in integrating Telco capabilities into the blockchain industry and enhances the functionality and security of Web3 applications.