Nokia has filed a patent for an encryption system designed to enhance the security of digital assets, particularly cryptocurrencies.
The encryption system will encrypt crypto assets using a first key and only authorized individuals with the corresponding private key can access them.
Nokia's move aims to address the growing security risks and concerns in the crypto industry, including hacking and unauthorized access.
Other tech companies, such as Microsoft, Sony, and Apple, have also filed patents related to blockchain technology and cryptocurrency for enhanced security and efficiency.