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Nokia patents digital asset encryption device to enhance security measures

Nokia filed a patent for a digital asset encryption device and program disclosed by the China National Intellectual Property Administration (CNIPA). This technology aims to enhance transaction security through effective asset encryption and management.

Nokia previously ventured into blockchain with the Nokia Data Marketplace and is now integrating metaverse technology to meet rising network demands, estimating a demand increase of 22% to 25% by 2030. Taiwan Mobile also entered the crypto market with a service provider license.

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