Nokia has filed a patent application for a device, method, and computer program for encrypting digital assets. The China National Intellectual Property Administration announced that Nokia filed the application on December 23. The patent covers a device and program that includes a component for encrypting digital assets. This step indicates that Nokia may enter the digital asset encryption space.

In 2021, Nokia announced the Nokia Data Market using blockchain technology. In 2023, it worked on a 5G-connected microbrewery with metaverse technology. The company expects a 22-25% increase in network demand by 2030.

What do you think about these developments? Share in the comments.