Nokia Officially Enters the Blockchain Sector

Nokia has filed a patent application in China for a device that encrypts and indexes digital assets, marking the telecom operator's next step into the blockchain space.

Azcnews Nokia Officially Enters The Blockchain Sector

According to information from the China National Intellectual Property Administration (CNIPA), the Finnish telecommunications and consumer electronics conglomerate has applied for a patent for an “apparatus, method, and computer program” that can encrypt digital assets.

A translated version of the patent application reveals that the device describes a method for “encrypting a digital asset with a first key,” “providing an encrypted digital asset and an index for the digital asset to a first network function,” and “providing an identity of the encrypted digital asset to a first entity.”