China Continues to Streamline Its Blockchain Patent Software Course of

HomeCrypto News

China Continues to Streamline Its Blockchain Patent Software Course of

The Nationwide Mental Property Administration (NIPA) in China continues to make clear the rules for blockchain patent functions, that are set to g



The Nationwide Mental Property Administration (NIPA) in China continues to make clear the rules for blockchain patent functions, that are set to grow to be efficient as of Feb. 1.

On the finish of December 2019, the NIPA announced the revised pointers to patent functions for brand new rising applied sciences similar to blockchain, synthetic intelligence, huge knowledge, and enterprise guidelines and strategies.

One instance of the revised pointers is a technique and system for safe communication between blockchain nodes. The invention patent software proposes a blockchain node communication technique and system that solves the issue the place blockchain enterprise nodes leak privateness knowledge whereas speaking with one another. The rules reads:

“Earlier than a enterprise node in a blockchain establishes a communication connection, it will probably decide whether or not to ascertain a communication connection in keeping with the CA certificates carried within the communication request and a pre-configured CA belief listing. This reduces the potential of enterprise nodes leaking non-public knowledge and improves the safety of information saved within the blockchain.”

Analysts said that the revision of the rules is in direct response to the wants of the event of recent industries similar to blockchain. It additionally displays China’s strategic course of strengthening mental property safety, by being extra pleasant in the direction of patent candidates in these rising fields — all of which appears to herald the much-anticipated digital renminbi.

China paves method for its central financial institution digital foreign money

China has formally implemented a legislation governing cryptographic password administration as a part of its pre-release plans for its central financial institution digital foreign money. The Standing Committee of the 13th Nationwide Folks’s Congress in China handed the crypto legislation on the finish of October. The legislation divides passwords at giant into three distinct classes — passwords, frequent passwords, and business passwords — and goals to facilitate China’s transition to blockchain know-how.





nasdaq.com