FIX Network has announced a significant achievement towards their goal of securing transactions and private keys on SIM cards. As an innovative joint venture made of leading teams in telecoms, cybersecurity and blockchain, FIX Network will leverage the existing cellular infrastructure by defining and implementing a new blockchain-based security protocol. According to the announcement, the FIX Network Security Protocol will ensure the security and safety of private keys used by applications on mobile devices, and will provide a trusted environment for protecting a customer’s digital identities and digital assets. A significant innovation by the company is the storage of private keys on the subscriber’s SIM card, and the execution of cryptographic operations on that SIM card using applets. FIX Network emphasized that the private keys are never exposed to the mobile device or to a public network, thus enhancing security of the stored Digital Identities and other digital assets such…
