Nokia Moves Into Crypto With Encryption Patent
As more corporations delve into cryptocurrency integration, Nokia takes a bold step by securing a patent for advanced digital asset encryption.
On this page
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.
Read on: Nokia predicts a metaverse boom by 2030
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.
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
