Chinese telecom giant Huawei doesn’t believe current telecom infrastructure is enough to cope with the needs of the Metaverse, adding that 5G and 6G networks just might. The comments came from Huawei’s Middle East region's Chief Expert on Business & Strategy Consulting, Abhinav Purohit, who published a three-part blog series on Dec. 20 focused on the potential of the Metaverse sector and where telecom companies will fit into the picture. Describing what the Metaverse is, or what its actualization will look like, Purohit outlined that a “metaverse is a collective virtual shared space” which will “allow geographically distant participants to …

Huawei has announced that its forthcoming Mate40 smartphone series will include an integrated hardware wallet for China’s central bank digital currency, the digital yuan. This will be the first smartphone to feature such a wallet, according to an official Huawei post on Chinese microblogging website Weibo on Oct. 30. The post also promises that users will be able to control and protect their anonymity and perform dual offline transactions. These enable mobile phone users to transfer funds simply by touching their devices together, even if both are offline. “#HuaweiMate40# series is the first smartphone that supports digital RMB hardware wallet, …

Huawei announced an update for it’s blockchain-based cloud service, known as Blockchain Service 2.0, or BCS 2.0, during a recent industry summit. It appears that the platform’s upcoming enhancement will serve as its first major update since 2018. According to Fangming Hong, President of Huawei Cloud China, Feng Xu, President of Huawei cloud application platform product line, and other top brass from Huawei’s management team, the upgrade’s main goal is to scale the project for commercial applications. The new and improved platform will reportedly meet performance requirements of 50000 transactions per second, or TPS, within a commercial environment. For comparison, …

Huawei and Beijing’s municipal government have jointly developed a blockchain directory for use across urban governance. According to an official report published on Aug. 24, the system, still being trialed, is aimed at improving government services and supporting the city’s business environment. Interest in blockchain technology forms part of Beijing’s research into smart city approaches to enhance urban innovation and governance. Other technologies being explored for smart infrastructure include 5G, artificial intelligence and cloud computing. Throughout 2019, Beijing and Huawei have jointly built a blockchain system directory to link up the city’s 50 municipal departments and support cross-departmental sharing and …

Chinese tech giant Huawei recently applied for a new patent related to blockchain technology which deals with storage methods and devices. Huawei holds a number of other relevant patents, covering topics like Blockchain-based settlement methods. According to the Chinese corporate database, Tianyancha, the smartphone manufacturer filed for a “blockchain ledger storage and device,” patent on January 17, 2019. The application announcement date at the time was set for July 14. The government of the Nanshan District of Shenzhen previously announced a partnership with Huawei to boost the adoption of blockchain, big data, artificial intelligence, and 5G in the region by …

The government of the Nanshan District of Shenzhen, China has announced an agreement with the multinational telecommunications and consumer electronics giant Huawei to boost the adoption of blockchain, among other technologies, in the region. According to an April 13 report from local newspaper The Global Times, the Nanshan government and Huawei will work together to establish the Kunpeng industrial demonstration zone, to accelerate the application of blockchain, artificial intelligence, big data and 5G. Both parties agree that the move should turn the city into a model zone for the chip industry and other cutting-edge technologies. Shenzhen as a pivotal city …

Multinational telecommunications and consumer electronics giant Huawei has signed a strategic cooperation agreement with China’s central bank, the People’s Bank of China (PBoC). According to a statement from Huawei’s WeChat channel on Nov. 4, PBoC deputy governor Fan Yifei attended the signing of a fintech research cooperation agreement between Huawei and PBoC’s Digital Currency Research Institute at Huawei’s headquarters in Shenzhen. The announcement did not mention details regarding the agreement, or whether it includes joint research on blockchain technology or digital currencies. Huawei has not responded to Cointelegraph’s request for comment as of press time. Huawei is active in the …