Finnish telecommunications company Nokia has applied for a patent for "device, method and computer program" that can encrypt digital assets, and is suspected of entering the field of blockchain security through this patent.
According to data from the China National Intellectual Property Administration (CNIPA) on December 23, Nokia Technologies has applied for a digital asset encryption patent (No. CN119155674A). The technology outlined in the patent involves a device and a program with a cryptographic digital asset component.
The patent also covers digital asset indexes for encryption, which the program will provide for its first web functionality to oversee content that further manages the encryption process. In addition, the system includes a mechanism to identify encrypted digital assets, ensuring they can be tracked and verified before trading. While the actual content of the patent is unclear at this time, it does indicate that the company is interested in entering the field of digital asset encryption and may be developing a device to perform this function.
This development by Nokia is undoubtedly particularly notable in the blockchain security space. This patent application marks a major advancement in digital asset encryption and is in line with wider initiatives to achieve greater success through strong encryption methods and decentralization. network to enhance blockchain security.
"Nokia applies for patents for digital asset encryption equipment and programs, suspected of entering the blockchain security field." This article was first published on (Block Guest).