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Huawei Has a Solution to The VEP

Z-ARCHIVE-Cryptocurrency Patent Forecast®

January 30, 2020

One of the latest published patent applications from Huawei addresses issues related to verifying a property of plaintext using ciphertext. These issues are commonly referred to as verifiable encryption problems (VEPs).

Huawei's solution makes use of a ciphertext containing an encrypted transaction value for a cryptocurrency transaction over a peer-to-peer (P2P) network using blockchain. This functionality combined with a Trusted Execution Environment (TEE) from a computing device, resulting in a simpler and more efficient solution to the VEP.

Cyber, Security, Internet, Computer, Technology

Relevant Patent Documents

Application US20200028693  


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Since the 2009 Bitcoin whitepaper, crypto currencies have risen in value, enabled decentralized global trade, but also endured market value fluctuation, theft, and use as tender for illegal transactions.

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Since the 2009 Bitcoin whitepaper, crypto currencies have risen in value, enabled decentralized global trade, but also endured market value fluctuation, theft, and use as tender for illegal transactions.



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