Nokia Files Patent for Digital Asset Encryption Device
Nokia, the Finnish telecommunications company, has filed a patent for a "device, method, and computer program" designed to encrypt digital assets. The application, submitted in June 2024 and disclosed by the China National Intellectual Property Administration (CNIPA) on December 23, 2024, indicates Nokia's strategic move into the realm of digital asset security.
The patent outlines a system enabling user devices to securely encrypt digital assets using a "first key," ensuring that only authorized parties can access and manage these assets. This process involves providing the encrypted assets and an associated index to a primary network function, along with an identifier to a designated entity for validation or authorization.
This development aligns with Nokia's ongoing exploration of blockchain and digital asset technologies. In 2021, the company launched the Nokia Data Marketplace, an enterprise-grade platform utilizing permissioned blockchain infrastructure to facilitate secure data transactions and analysis.
Additionally, in 2023, Nokia engaged in a metaverse-related project involving a 5G-connected microbrewery. This initiative allowed researchers in Australia and Germany to conduct joint brewing experiments using augmented reality, demonstrating Nokia's commitment to integrating advanced technologies across various sectors.
Nokia's latest patent application underscores the company's dedication to enhancing security measures in the digital asset space, reflecting a broader industry trend toward robust encryption solutions to protect digital assets from unauthorized access and cyber threats.
