Nokia files patent for digital asset encryption as it eyes blockchain potential
Nokia files patent for digital asset encryption as it eyes blockchain capability Nokia files patent for digital asset encryption as it eyes blockchain capability
The cellular monumental's blockchain ambitions emerge as it files for digital asset encryption patent.
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Nokia has reportedly applied for a patent centered on encrypting digital resources, local Chinese media outlet Sina Finance reported on Dec. 23.
The patent turned into once reportedly filed in June 2024, and the application turned into once revealed under CN119155674.
In accordance with the story, the expertise encrypts resources the usage of a first key that creates a real data version. This encrypted asset is then assigned an index for network functionality and linked to an entity by an identifier.
Nokia has yet to answer to requests for comment as of press time.
Pivot rumors
Market observers maintain pointed out that this transfer indicators that the cellular monumental turned into once rising beyond its sturdy telecommunications and network expertise legacy to the emerging sector.
No subject shedding its lead within the cell phone sector following the appearance of smartphones, Nokia stays a main world expertise firm with an intensive patent portfolio spanning diverse fields take care of 5G, cellular communications, IoT, and digital asset encryption.
Earlier within the year, Nokia revealed plans to develop future network architectures tailored to innovation-driven industries, including blockchain, neat contracts, synthetic intelligence, and the Web of Price. The agency expects quiz in these areas to develop by 22% to 25% by 2030.
It neatly-known:
“Advances in semiconductors, machine, synthetic intelligence and machine discovering out, metaverse applied sciences, Web3 and cloud applied sciences will continue to inch up. These applied sciences will vastly prolong the scope of what is likely, connecting and merging the human, physical and digital worlds to back resolve just some of the finest world challenges we face.”
In October, Nokia showcased how its 5G-powered digital factory twins bridge the physical and virtual worlds. The agency highlighted how accurate-time data from hundreds of sensors enabled instantaneous optimization and predictive maintenance for production traces.
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