The National Intellectual Belongings Administration (NIPA) in China continues to analyze the guidelines for blockchain patent applications, which are set to become effective equally of February. ane.

At the end of Dec 2022, the NIPA announced the revised guidelines to patent applications for new emerging technologies such as blockchain, artificial intelligence, big data, and business concern rules and methods.

One example of the revised guidelines is a method and device for secure communication between blockchain nodes. The invention patent application proposes a blockchain node communication method and device that solves the problem where blockchain business concern nodes leak privacy data while communicating with each other. The guidelines reads:

"Before a concern node in a blockchain establishes a communication connexion, it can determine whether to institute a communication connection according to the CA certificate carried in the advice request and a pre-configured CA trust list. This reduces the possibility of business nodes leaking individual data and improves the security of data stored in the blockchain."

Analysts said that the revision of the guidelines is in direct response to the needs of the development of new industries such as blockchain. It as well reflects China'southward strategic direction of strengthening intellectual property protection, by being more friendly towards patent applicants in these emerging fields — all of which seems to herald the much-anticipated digital renminbi.

China paves mode for its central banking company digital currency

China has formally implemented a police governing cryptographic password management as part of its pre-release plans for its fundamental depository financial institution digital currency. The Standing Commission of the 13th National People's Congress in People's republic of china passed the crypto law at the end of October. The constabulary divides passwords at large into three distinct categories — passwords, mutual passwords, and commercial passwords — and aims to facilitate China's transition to blockchain engineering.