Huawei Seeks Patent for Blockchain-Powered Storage
China’s Huawei proceeds to fund blockchain technology as it seeks to join the global leaders in the quickly developing enterprise blockchain industry. In its recent move, the tech giant filed patent applications to utilize blockchain in its storage devices.
Huawei followed in the footsteps of its opponent Samsung in funding in blockchain technology. The Shenzhen-based company followed China’s new national blockchain committee in April, joining Ant Financial, Tencent, and others.
Huawei has filed for various patents connected to blockchain technology storage methods and devices, according to local media outlets. According to China’s English language newspaper Global Times, Huawei has held blockchain patents in data archiving and related fields.
Huawei has come under an extraordinary crackdown globally, beginning from its troubles with the U.S. government under President Donald Trump’s administration. The U.K. has intensified its woes by taking a likewise antagonistic attitude towards the company. Nevertheless, this has done little to hinder its growth, with the company exceeding Samsung to become the world’s largest smartphone maker this year.
On its way to global domination, Huawei has funded rising technologies, one of which has been blockchain. The company launched a directory for the Chinese government that depends on blockchain technology. The directory links several government departments that can seamlessly and securely share data among themselves, saving time and costs.
Huawei announced at the time that the directory handles 44,000 files and includes 16 Chinese districts. The company has also produced a smartphone-compatible digital currency wallet and a Blockchain-as-a-Service platform. Huawei has also associated with the People’s Bank of China in its central bank digital currency project. The company was among the eight companies that were announced to be part of the internal testing process, entering four state banks and three telecom companies. The CBDC has been in the pipeline for years now, although the official launch date is still unknown.