Huawei have applied for a new patent related to blockchain technology which deals with storage methods and devices.
The Chinese tech giant holds a number of other relevant patents, including topics like Blockchain-based settlement methods.
According to the Chinese corporate database, Tianyancha, the smartphone manufacturer filed for a “blockchain ledger storage and device,” patent on January 17, 2019 where the application announcement date was set for July 14:
#Huawei Technologies revealed it has applied for new patents related to #blockchain technology storage methods and devices, Chinese corporate database Tianyancha showed. Huawei has held multiple patents in this area like data archiving and settlement methods based on blockchain. pic.twitter.com/dvDE9Q3363 — Global Times (@globaltimesnews) July 27, 2020
The government of the Nanshan District of Shenzhen previously announced a partnership with Huawei to boost the adoption of blockchain, big data, artificial intelligence, and 5G by establishing the Kunpeng industrial demonstration zone.
Huawei also signed a “strategic cooperation agreement” with the People’s Bank of China but details were kept confidential.
This partnership was realized shortly after the PBoC began to test its digital currency in Shenzhen, in conjunction with Huawei.
In April, More than 100 well-known enterprises, both domestic and foreign, joined the Blockchain Innovation Alliance in China including members such as Inspur, Tsinghua Unigroup, Huawei, IBM, Tencent, Alibaba and Baidu.
Source: Cointelegraph | Image: Unsplash