Huawei Files Patent For Blockchain Ledger Storage and Device

Chinese technology giant Huawei has applied for a patent on a new blockchain-based storage systems.

Chinese ICT specialist firm, Huawei is steaming ahead with its adoption of blockchain technology with a recent application for a new blockchain patent that focuses on storage devices and methods.

According to a Chinese corporate database called Tianyancha, on January 17 Huawei filed for the patent on a blockchain ledger storage and device, with the application announcement date set for July 14 at the time.

Huawei has also recently partnered with the government of the Nanshan District of Shenzhen to build a Kunpeng industrial and ecological chain. The Kunpeng ecosystem will allow for open-source hardware and software, which is responsible for providing strong security for the digital economy, and both parties aim to construct a key financial platform to become a national benchmark.

China’s Central Bank enlists Huawei For CBDC

The Chinese central bank, People’s Bank of China’s (PBoC) Digital Currency Research Institute, has also enlisted the help of the multinational telecommunications giant, Huawei.

Fan Yifei, the PBoC deputy governor signed the fintech research cooperation agreement between Huawei and PBoC’s Digital Currency Research Institute in Shenzhen at Huawei’s headquarters. The partnership became a reality shortly after the PBoC tested its digital currency in Shenzhen while collaborating with Huawei.

Huawei said that the “strategic cooperation” agreement is for FinTech research. Fan also praised the firm’s achievement in developing distributed databases and computing chips.