Huawei, the Shenzhen-based provider of telecommunication equipment and seller of consumer electronics, has applied for new blockchain patents for storage purposes. Steaming ahead, Huawei’s filing highlights its desire to stay ahead of competitors and be an innovation leader.
A Blockchain Technology Storage Patent
As per Global Times on July 28, 2020, Tianyancha—a Chinese corporate database revealed that Huawei first filed for “new patents related to blockchain technology storage methods and devices” early this year without divulging details.
Of note, this isn’t Huawei’s first blockchain patent. The Chinese behemoth holds several blockchain patents with some covering facets as data archiving and settlement methods. Reflective of the Asian powerhouse goal of being a world’s leader in blockchain and emerging technologies, Huawei’s ambitions are clear.
In 2018, Huawei launched its Blockchain Service (BCS). The service was first opened to Chinese firms and individuals before being released for global use in November 2018. The Blockchain service is available on the HUAWEI CLOUD website. Through this platform, enterprises and developers can quickly and cheaply create, deploy, and manage blockchain applications.
The consumer electronics seller also has a partnership with the Nanshan District of Shenzhen. The deal saw the creation of the Kunpeng industrial demonstration zone formed to drive blockchain, Artificial Intelligence, and 5G adoption.
Huawei Part of China’s Blockchain Standardization Committee
Huawei is also part of the “National Blockchain and Distributed Accounting Technology Standardization Technical Committee.” A formation of China’s Ministry of Industry and Information Technology (MIIT), the technical committee comprises 71 companies including Tencent.
Most importantly, the People’s Bank of China (PBoC) also form a part coming at a time when the central bank wants to roll out the Digital Yuan. Huawei has a “strategic cooperation agreement” with the central bank though specific details remain private.
Huawei remains active in the blockchain and crypto scene. The smartphone manufacture struck a deal with BTC.com in May 2018 to roll out a mobile crypto wallet according to a CoinDesk report. The application appears on Huawei’s store, the AppGallery.
As reported by BTCManager, Huawei also rolled out a blockchain directory for government data. The directory links over 50 government undertakings, easing communication flow.