China Continues to Regularize Its Blockchain Patent Application Process

News / 04.01.2020

The National Intellectual Property Administration (NIPA) of China continues to clarify the specified guidelines following those that apply for the blockchain patent concerning the implementation of the plans made by the 1st of February. 

The NIPA announcement days ago based the review of guidelines and its patent applications that were to be reflected in the latest technologies such as dealing with big data, artificial intelligence, business methods and rules, and even blockchain. 

Based on the revisions made, the guidelines’ inclusion followed on a device and approaches employed in the blockchain nodes communication. It involves the patent invention recommendations and the blockchain nodes communication that shows the devices and approaches applied in solving challenges incurred in blockchain business nodes, such as the leakages in sharing private data during communication. 

The CA certificates and the CA trust list were also pre-configured to illustrate the guideline following communication connections establishment from a blockchain business node. As a result, the leaking of sensitive private data will be kept at a minimum and improve the general blockchain technologies data security.  

Digital Renminbi

Following the reviews of analysts concerning the revision was a clear indicator of the various methods in which significant developments could be dealt with in the new technologies that specifically included blockchain. It illustrates the direct reflection of China’s strategies employed to strengthen intellectual data security that was to be done through the improvements towards friendly patent applicants based on the new technologies. It showed similarities in line with the digital renminbi that was expected in the country. 

The execution of the pre-launched plans following the digital renminbi shows specific expectations of its execution, which involved formal law implementation in cryptographic password management governance. Concerning the law that was recently passed about three months ago, according to the law, the main information was directed at three primary categories under the cryptographic passwords. They included general passwords, common, and commercial passwords. The major influence expected was in light of successful blockchain technologies transition in the region of China

According to Naeil and Xinhua reports on the 3rd of December, the China central bank claims that it has issued bonds by utilizing its blockchain issuance system that was also considered an independent country’s premier book-keeping system for blockchain technologies. 

Born in Bucharest, Marius is the founder of Crypto Adventure. Since his first contact with Bitcoin and cryptocurrencies, he never stopped believing that they are one of the most important innovations of our time, which will forever change the way business is done.