🚀 Nokia Moves Into Crypto With Encryption Patent
posted 7 hr ago
As more corporations delve into cryptocurrency integration, Nokia takes a bold step by securing a patent for advanced digital asset encryption.
Renowned Finnish telecom company Nokia Technologies has filed a patent application with China’s National Intellectual Property Administration (CNIPA). The submission outlines a “device, method, and computer program” developed to provide robust encryption for digital assets.
Patent filing CN119155674A by Nokia. Source: pss-system.cponline.cnipa.gov
Details reveal that the patent outlines a device and software suite tailored for encrypting digital assets through unique indices. These indices, provided by the software, will power the encryption’s initial network operations. Though specific aspects of the patent remain undisclosed, the application itself signals Nokia’s ambition to pioneer specialized tools for this technology.
This approach complements Nokia’s broader blockchain ambitions. In 2021, the company debuted Nokia Data Marketplace, an enterprise-focused blockchain platform ensuring secure and structured data sharing within regulated environments.
In 2023, Nokia took bold steps toward the future by experimenting with its proprietary metaverse, leveraging the power of 5G.
The encryption patent for digital assets ties into Nokia’s larger vision of adopting groundbreaking technologies like blockchain and virtual currencies. By staying ahead, the company is securing its role in the forthcoming digital economy, readying itself for the eventual mass adoption of cryptocurrencies.
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