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TronWeekly

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Nokia Patents a Powerful Encryption System for Blockchain Security

  • 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.

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