The Nationwide Mental Property Administration (NIPA) in China continues to make clear the rules for blockchain patent purposes, that are set to turn into efficient as of Feb. 1.
On the finish of December 2019, the NIPA introduced the revised tips to patent purposes for brand spanking new rising applied sciences corresponding to blockchain, synthetic intelligence, massive knowledge, and enterprise guidelines and strategies.
One instance of the revised tips is a technique and gadget for safe communication between blockchain nodes. The invention patent utility proposes a blockchain node communication methodology and gadget 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 could decide whether or not to ascertain a communication connection in accordance with the CA certificates carried within the communication request and a pre-configured CA belief record. This reduces the potential for enterprise nodes leaking non-public knowledge and improves the safety of information saved within the blockchain.”
Analysts stated that the revision of the rules is in direct response to the wants of the event of recent industries corresponding to blockchain. It additionally displays China’s strategic route of strengthening mental property safety, by being extra pleasant in direction of patent candidates in these rising fields — all of which appears to herald the much-anticipated digital renminbi.
China paves manner for its central financial institution digital forex
China has formally applied a regulation governing cryptographic password administration as a part of its pre-release plans for its central financial institution digital forex. The Standing Committee of the 13th Nationwide Individuals’s Congress in China handed the crypto regulation on the finish of October. The regulation divides passwords at massive into three distinct classes — passwords, widespread passwords, and business passwords — and goals to facilitate China’s transition to blockchain expertise.