• World Mobile Token has announced a collaboration with Input Output (IO) to develop a dedicated permissioned Cardano sidechain.
• The World Mobile Chain will bridge the Cosmos and Cardano blockchains, opening up interoperability between the two chains.
• The technology initiative aims to bridge a permissioned solution built on Cosmos‘ SDK with Cardano’s public mainnet.
World Mobile Token is proud to announce their deepening of the collaborative relationship with Input Output (IO) to develop a dedicated permissioned Cardano sidechain. This move was necessary for World Mobile to comply with telecoms regulations. As the solution does not exist yet on Cardano, the World Mobile Chain will be built using Cosmos’s open-source protocol Tendermint.
Micky Watson, the World Mobile Group CEO, expressed his enthusiasm for the collaboration: “We’re looking forward to collaborating with IOG on this project and work towards an interoperable future that will accelerate the shared vision that we have had since 2018.” The project has been in the works for several months, and its completion will bring about a bridge between the Cosmos and Cardano blockchains, unlocking interoperability between the two chains.
The technology initiative is designed to bridge a permissioned solution built on Cosmos‘ SDK with Cardano’s public mainnet. This opens up new possibilities for the Cosmos and Cardano ecosystems, as well as for the wider blockchain space in general. World Mobile has always envisioned a multichain future, and this project is a step in the right direction.
Telecom regulations require separate public and private data architecture in order to prevent sensitive customer data from being viewable on a public chain. This need is met by World Mobile Chain, which is a secure and reliable platform for the transmission of sensitive customer data. Furthermore, this sidechain will bring the world closer to global internet access, as it will allow telecoms companies to offer their services to unconnected communities.
World Mobile and IO are both committed to bringing the world closer to global internet access, and the development of this sidechain is a major step forward in this pursuit. The end result of this project will be a secure, reliable platform for the transmission of sensitive customer data, as well as a bridge between the Cosmos and Cardano blockchains for higher levels of interoperability.
