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- Nokia has disclosed plans to produce digital asset encryption merchandise
- The telecom firm has filed a patent in China exhibiting that it intends to produce a machine or instrument that encrypts virtual sources
- The patent used to be applied in July but made public on December 17
Telecom firm Nokia is planning to enter the virtual sources world to give digital sources encryption merchandise as a machine or computer instrument. Nokia filed the patent in China in July but the utility used to be made public closing week on December 17. In keeping with the patent, the telecom firm wants to carry out a “non-transitory computer-readable medium […] comprising program directions for […] encrypting a digital asset utilizing a first key,” a high level thought that aspects to a Nokia-created crypto pockets or custody solution.
Nokia To Present Digital Asset Encryption and Decryption
Nokia’s intentions had been disclosed by China’s patent place of enterprise, China Nationwide Intellectual Property Administration (CNIPA). Additional puny print of Nokia’s intentions display cloak that the encryption plot might even present identification of the encrypted virtual sources.
Except for performing encryption functions, the “computer-readable medium” will fetch decryption functions for “an encrypted digital asset.” The patent, on the opposite hand, isn’t Nokia’s first entry into the virtual world.
In 2021, as an instance, it tapped blockchain to strength its endeavor-grade files platform identified because the Nokia Info Marketplace. Final year, the telecom firm embraced metaverse skills to link beer brewers in Australia and Germany.
Nokia Joins the Crowd
Nokia isn’t the first tech firm to enroll within the crypto and blockchain worlds. Samsung has also within the past filed a patent describing a blockchain KeyStore, a instrument utility presumed to produce exact storage for crypto non-public keys.
Samsung has, on the opposite hand, made extra strides within the virtual world than Nokia. It, as an instance, equipped to produce a crypto vault within the Samsung Galaxy S10 launched about a years within the past. Samsung has also invested in blockchain projects and partnered with crypto platforms love Crypto.com.
With Nokia filing a patent to encrypt digital sources, it’s to be considered whether the telecom firm will carry out a sign within the web3 dwelling.
