Nokia applies for encryption patents! Exploring the digitalization of transaction security, is the Web3 phone coming?

Apply for a new encryption technology patent, focusing on digital asset protection

Finnish telecommunications leader Nokia recently released a major technical development, with its subsidiary Nokia Technologies submitting a new patent to the China National Intellectual Property Administration (CNIPA) titled 'Equipment, Methods, and Computer Programs,' highlighting the enhanced encryption capability of digital assets. According to public information, the patent (CN 119155674 A) aims to provide a device and program for encrypting digital assets, while also incorporating an index system that can provide a more secure and traceable asset management for network functions. This move not only demonstrates Nokia's interest in encryption currency and blockchain industries, but also signifies its expansion from the leadership position in 5G and communication hardware to the digital asset security industry.

Image source: CNIPA Nokia's CN 119155674 A patent application

Nokia has not yet given a further response to external inquiries, but once its new patent is implemented, it may become the foundational technology for industry automation or enterprise-level services, providing encryption solutions for public and private chains or various encryption applications. Experts speculate that the device may adopt symmetric or asymmetric encryption mechanisms to enhance the security of user management and transmission of encrypted currency and data.

Explore blockchain and metaverse actively, and extend the advantages of 5G further.

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 data infrastructure service, using a private blockchain architecture to facilitate secure data exchange between enterprises and accelerate AI and machine learning applications. In 2022, Nokia also collaborated with the University of Sydney to explore 5G and AR (Augmented Reality) technologies, creating a 'virtual-physical integration' beer brewing process, demonstrating the possibility of streaming data in real-time from the physical world to the metaverse environment and enabling remote collaboration.

Image source: 'Industrial 4.0 Nanobrewery' co-developed by UTS University of Technology Sydney and Nokia

Since this year, Nokia has further emphasized the integration of 5G, cloud and blockchain, and expects to invest more resources in network equipment and service combinations to meet the surge in network demand around 2030. Because the high-speed transmission of 5G combined with decentralized technology can bring massive data processing and more secure and high-speed transaction experience for corporate and individual users, it may also enable Nokia to have a leading edge in new scenarios such as industrial Internet of Things (IoT) and encryption payments.

The international telecommunications industry's foray into the encryption market is becoming a trend

In addition to Nokia, many global telecom operators are also interested in the blockchain and encryption industry. For example:

Taiwan's Taiwan Mobile obtained a Virtual Asset Service Provider (VASP) license issued by the financial regulatory authority this year, and entered the digital asset exchange business;

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

Deutsche Telekom, a major European company, and its subsidiary also actively operate Bitcoin nodes and energy-efficient mining projects.

The global trend indicates that telecommunications and internet service providers are gradually extending from basic hardware to digital financial security or data market services. Nokia's exposure of encryption patents this time, if formally implemented and put into commercial use, will bring a more complete security solution at the intersection of digital assets and network communication. For enterprises and users who rely heavily on decentralized technologies, it also symbolizes the collision between network performance and blockchain technology in the 5G era, or may overturn the existing network security landscape and reshape the management of future 'digital assets and data'.

【Disclaimer】There are risks in the market, and investment should be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views, or conclusions in this article are suitable for their specific situation. Investing based on this is at your own risk.

"Nokia applies for encryption patents! Exploring the digitization of transaction security, is the Web3 phone coming?" This article was first published in "encryption city"