Nokia Files Patent for Advanced Digital Asset Encryption
Release: 2024/12/24 13:24 Reading: 841
Nokia Enters Cryptocurrency Security with Innovative Encryption Patent
Nokia has made a significant move towards bolstering digital asset security by filing a groundbreaking patent for a device method and computer program. This move underscores the company's unwavering commitment to innovation in the rapidly growing blockchain and cryptocurrency industries.
Nokia's Encrypted Digital Assets: A Leap Forward in Security
On December 23, 2024, Nokia Technologies Co., Ltd. filed a patent titled "Device method and computer program" to strengthen the encryption of digital assets. This submission to the National Intellectual Property Administration, originally filed in June 2024, received publication number CN 119155674 A.
The patented system revolves around a "first key" that enables secure encryption of digital assets. This key operates within symmetric or asymmetric encryption frameworks, ensuring that only authorized parties can access and manage the encrypted assets.
Enhanced Security, Traceability, and Authorization
Post-encryption, the system integrates a "first network function" that receives both the encrypted assets and an index tracking the encryption process. This function further handles, processes, and verifies the assets. Additionally, a mechanism identifies the encrypted digital assets, facilitating secure and traceable management across networks.
Once identified, the encrypted assets are directed to a designated entity for validation or authorization. The "first network function" acts as a trusted node or service, ensuring additional verification and secure processing. This dual-layer security approach guarantees that digital assets remain traceable and are validated by authorized parties before any transaction or transfer.
Nokia's Commitment to Digital Asset Security
Nokia's foray into digital asset encryption aligns with its extensive track record in networking, telecommunications, and technology innovation. The company holds a diverse portfolio of patents spanning decades in fields such as 5G networks, mobile communications, the Internet of Things (IoT), and now, digital asset encryption. These patents play a crucial role in advancing the secure management of digital assets.
Revolutionizing Blockchain Security
Nokia's venture into this critical area demonstrates its dedication to addressing the rising demand for robust security in the blockchain and cryptocurrency sectors. The company's commitment to innovation in digital asset security is a positive step towards safeguarding the integrity and protection of digital currencies.
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