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.
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.