Ultimate magazine theme for WordPress.

China Announces Guidelines on Blockchain-Based Patent Applications

0

Overview-

  • China’s NIPA announces new guidelines to all the blockchain-based patent applications.
  • The guidelines focus on secure communication, privacy and private data leak issues.
  • The guidelines will be effective from February 1st,2020.
  • China wants itself to be ahead of other countries in this digital era and is working on the same.

China’s National Intellectual Property Administration (NIPA) announced the new guidelines to all the patent applications related to the new-age technologies such as blockchain, machine learning, artificial intelligence, big data and other related technologies at the end of December 2019. China’s National Intellectual Property Administration (NIPA) continues analysing and resolving the guidelines for the blockchain patent applications and will be effective from February 1st, 2020.

The guidelines have been focusing on the secure communication between the blockchain nodes also the guidelines have resolved the issues with privacy issues of data leak etc. 

One of the revised and new guidelines says, “Before a business node in a blockchain establishes a communication connection, it can determine whether to establish a communication connection according to the CA certificate carried in the communication request and a pre-configured CA trust list. This reduces the possibility of business nodes leaking private data and improves the security of data stored in the blockchain.”

All the cryptocurrency analysts believe that the revision of the new guidelines is mainly in reaction to make all the industries in sync with the new age emerging technologies. 

China does not want to be left behind in this digital era. Recently it also implemented a new law governing cryptographic password management as a part of its plans for its central digital currency. The news report said, “In order to prevent data from being tampered with, it is necessary to protect each data with a password. The development of blockchain technology can not be separated from the progress of cryptography technology,”

Leave A Reply

Your email address will not be published.