Huawei Seeks Patent for Blockchain Rights Management
In a recently released patent application, tech giant Huawei touts a blockchain system for protecting digital property rights.
Huawei's CEO said: "Even China is able to issue such currencies, why wait for Libra?"
Huawei's newly launched mobile app store will feature the tech giant's first cryptocurrency wallet offering, thanks to a partnership with BTC.com.
The new national blockchain committee was formed to discuss and set industry standards for distributed ledger technology.
Huawei has become the latest Chinese tech giant to launch its own blockchain-as-a-service platform, following on the heels of Tencent and Baidu.
Chinese telecoms and electronics giant Huawei has been secretly working on a project designed to gauge the abilities of various blockchains.