

Nokia has recently filed a patent application for a new technology focused on encrypting digital assets, as reported by local Chinese media outlet Sina Finance on December 23rd.
The patent application, filed in June 2024 and published under CN119155674, describes a method of encrypting assets using a first key to create a secure data version. The encrypted asset is then assigned an index for network functionality and linked to an entity through an identifier.
As of press time, Nokia has not yet responded to requests for comment on this development.
Rumors of Pivot
Industry analysts have speculated that this move indicates Nokia’s expansion beyond its traditional telecommunications and network technology focus into the emerging digital asset encryption sector.
Despite facing challenges in the mobile phone market, Nokia remains a prominent global technology company with a diverse patent portfolio covering areas such as 5G, mobile communications, IoT, and now digital asset encryption.
Earlier this year, Nokia announced plans to develop future network architectures tailored to industries driven by innovation, including blockchain, smart contracts, artificial intelligence, and the Internet of Value. The company anticipates a 22% to 25% growth in demand for these technologies by 2030.
Nokia emphasized:
“Advances in semiconductors, software, artificial intelligence and machine learning, metaverse technologies, Web3 and cloud technologies will continue to accelerate. These technologies will significantly extend the scope of what is possible, connecting and merging the human, physical and digital worlds to help solve some of the greatest global challenges we face.”
In October, Nokia showcased how its 5G-powered digital factory twins can bridge the physical and virtual worlds. Real-time data from thousands of sensors enables instant optimization and predictive maintenance for production lines.