Huawei Applies for a Blockchain Patent That Deals on Storage Methods

Huawei is taking its interest in blockchain to the next level. This time, it has applied for patents that are storage related in blockchain.

Huawei, a technology company based in China wants a blockchain patent that will give it ownership to some storage methods and amenities. This will just be another feather to Huawei’s cap because the tech giant already has some blockchain patents.

Tianyancha, a Chinese data technology service says Huawei sent its application for the “blockchain ledger storage and device” patent since January 17 2019. It was expected that on July 14 this year, the application would be announced.

Huawei and the Nanshan District of Shenzhen once reached an agreement that would foster the growth of 5G, AI, blockchain, and big data in the area. To this effect, the Kunpeng industrial demonstration zone was created.

The Central Bank of China’s role.

Huawei and China’s central bank also had a deal which led to the signing of a “strategic cooperation agreement.” Nothing much is known about it for now.

The partnership was only discovered when the central bank started testing the digital yuan in Shenzhen, with the help of Huawei.

The Blockchain Innovation Alliance in China welcomed over 100 new members in April this year. They comprised popular enterprises that were based in China and beyond. Some of those that have formed the alliance include Tsinghua, Alibaba, Baidu, IBM, Unigroup, Tencent, and Huawei.

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