Applying for new encryption technology patents, focusing on digital asset protection

Finnish telecommunications leader Nokia recently released significant technological trends, with its subsidiary Nokia Technologies submitting a new patent titled 'Devices, Methods, and Computer Programs' to the China National Intellectual Property Administration (CNIPA), aimed at enhancing the encryption capabilities of digital assets. According to publicly available information, this patent (CN 119155674 A) aims to provide a device and program capable of encrypting digital assets, while also containing an index system that can provide safer and traceable asset management for network functions. This move not only demonstrates Nokia's interest in the cryptocurrency and blockchain industry but also signifies its transition from a leading position in 5G and communication hardware to the digital asset security industry.

Nokia has not yet provided further responses to external inquiries, but once its new patent is implemented, it may become a foundational technology for industrial automation or enterprise-level services, providing encryption solutions for public and private chains or various types of cryptocurrency applications. Experts speculate that the device may adopt a 'symmetric or asymmetric encryption' mechanism to enhance the security of users' management and transmission of cryptocurrencies and data.

Actively exploring blockchain and the metaverse, extending the advantages of 5G

In fact, Nokia has been actively exploring the blockchain and metaverse industries in recent years. As early as 2021, Nokia launched the 'Nokia Data Marketplace' enterprise-level data infrastructure service, utilizing a private blockchain architecture to facilitate secure data exchange between enterprises and accelerate AI and machine learning applications. In 2022, Nokia also teamed up with Sydney Technology University to explore 5G and AR (augmented reality) technology, creating a 'hybrid' brewing process, demonstrating the possibility of streaming data in real-time from the physical world to the metaverse environment, achieving remote collaboration.

Nokia-雪梨科技大學-5G-AR 技術Source: UTS Sydney Technology University and Nokia collaboration on 'Industry 4.0 Nano Brewery'

Since the beginning of this year, Nokia has further emphasized the integration of 5G, cloud, and blockchain, expecting to invest more resources in network equipment and service combinations to meet the surge in network demand around 2030. Because 5G high-speed transmission combined with decentralized technology can bring massive data processing and a safer, faster transaction experience for enterprises and individual users, it may also give Nokia a leading advantage in new scenarios such as industrial IoT and cryptocurrency payments.

The international telecommunications industry venturing into the cryptocurrency market is becoming a trend

In addition to Nokia, many global telecommunications operators are also focusing on the blockchain and cryptocurrency industries. For example:

  • Taiwan's Taiwan Mobile has obtained a 'Virtual Asset Service Provider' (VASP) license issued by financial regulators this year to enter the digital asset exchange business;

  • Japan's NTT Docomo has also established a new subsidiary in the blockchain industry to create a multi-blockchain wallet and NFT experimental platform.

  • Similarly, Deutsche Telekom, a major European player, is actively operating Bitcoin nodes and energy-efficient mining projects through its subsidiaries.

This global trend indicates that telecommunications and network providers extending from basic hardware to digital financial security or data market services is gradually becoming the new norm. If Nokia's exposed encryption patent is officially implemented and commercialized, it will bring a more complete security solution at the intersection of digital assets and network communications. For enterprises and users that heavily rely on decentralized technology, it also symbolizes the collision of network performance in the 5G era with blockchain technology, which may overturn the existing network security landscape and reshape the management of 'digital assets and data' in the future.

[Disclaimer] The market has risks, and investments should be made with caution. This article does not constitute investment advice; users should consider whether any opinions, views, or conclusions presented herein align with their specific circumstances. Investments made based on this are at one's own risk.

'Nokia applies for encryption patents! Exploring the security of digital transactions, is a Web3 phone on the way?' This article was first published in 'Crypto City'