Can Ahmet 
Nokia has filed a patent application for the encryption of digital assets. The Finnish telecom giant has officially announced its work in digital asset encryption with a patent covering “device, method, and computer program” categories.
Details of the Digital Asset Encryption Patent
On December 23, the China National Intellectual Property Administration (CNIPA) revealed that Nokia Technologies had submitted a patent application for digital asset encryption. According to the patent description, a device and program are being developed to include indices of digital assets used in the encryption process.
This innovation also hints at the possibility of creating a device that performs encryption functions. However, the technical details included in the patent application remain unclear at this stage.
Nokia’s Blockchain and Metaverse Initiatives
Nokia actively integrates blockchain and metaverse technologies into its digital transformation strategies. Some notable examples include:
- Nokia Data Marketplace (2021): The company developed an enterprise-grade data infrastructure platform leveraging blockchain technology. Based on a permissioned blockchain infrastructure, the platform provides data exchange and analytics services. Permissioned blockchains restrict participant access through specific approvals, offering enhanced security and control.
- 5G and Metaverse Applications (2023): Nokia utilized metaverse technology in a 5G-connected microbrewery project. As part of this initiative, researchers in Australia and Germany used augmented reality (AR) to simulate beer production in a virtual environment, optimizing processes.
Nokia’s patent application underscores its interest in innovative areas like digital asset encryption and highlights its goals in this field. The company’s investments in blockchain, metaverse, and network technologies accelerate its adaptation to the digital economy while strengthening its position in the global market.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.