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Bank of America intends to patent blockchain-powered data storage solution

American banking giant Bank of America had filed a patent application in October 2016, for a blockchain-powered data storage solution. On April 12th, the US Patent and Trademark Office (USPTO) has released the application. While the amount of records concerning banking services and their service providers is experiencing exponential growth, the tradition methods of managing […]

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Electroneum intends to patent instant crypto payment technology

UK-based cryptocurrency project Electroneum has filed a patent for a technology which they claim will make crypto payments instant. There application is in a “patent pending” status, i.e. their intellectual property (IP) is now legally defensible. While Bitcoin, Ethereum, and other cryptocurrencies have taken the world by storm, and a very high degree of interest […]

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Mark Cuban backed Unikrn is ready to license its patent-pending crypto-betting technology

American esports betting company Unikrn is now in a position to license its patent-pending crypto-betting technology to partners in the esports space. While the formal award of patents are awaited, the company is now able to legally defend itself against any misuse of its innovative intellectual property (IP). The esports industry is hot, and the […]

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Expedite crypto payment on a Blockchain ? Paypal awaits Patent

Global online payments giant PayPal wants to patent a technology solution that will expedite cryptocurrency payment. They have filed a patent application with the US Patent and Trademark Office (USPTO). However, a Bitcoin expert believes that this technology already exists. Crypto payment transactions take some time for processing, for e.g. a block in Bitcoin is […]

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Faster payments using blockchain , Patent awaits by American Express

Financial services giant American Express, popularly known as Amex, is looking at blockchain technology to expedite payment transactions. The travel services arm of Amex, also called the American Express Travel Related Services Company, had filed a patent application for a blockchain-based solution, and this has been recently released by the US Patent and Trademark Office […]

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Secure audit information on a blockchain ? Google awaits Patent !

Internet giant Google is planning to secure audit information using the promising blockchain technology. On September 2017, they had filed a patent for the proposed technology solution, and it has been recently released by the US Patent and Trademark Office (USPTO). Audit information, critically important for any business in today’s environment of high scrutiny on […]

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Credit Score Transparency Technology on a Blockchain ? Patented awaited by Royal Bank of Canada

Before the year 1995, credit score was a mysterious 3-digit number which most of us didn’t understand, only the loan officers in the banks knew what it was. With steady growth of credit-based economy, many more understand it better now, however, considerable mystery still remains vis-a-vis credit score. Royal Bank of Canada (RBC) has applied […]

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Encrypted Group Chat on a Blockchain, Patent awaited by Cisco

Global tech giant Cisco has filed a patent application, for a technology solution which will utilize blockchain technology to set up secured group chats. The patent application was filed in December 2017, and has been recently released by the US Patent and Trademark Office (USPTO). High profile data breaches, including the recent Facebook-Cambridge Analytica issue, […]

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Intel patents hardware accelerator for Bitcoin mining

Before the year 2018 ends, cryptocurrency mining operations in Iceland will have consumed more energy than the household energy consumption of the country. Cryptocurrency mining is very energy-intensive. This may change. Tech giant Intel has patented a hardware accelerator technology to make Bitcoin mining less energy-intensive. Bitcoin mining is the transaction-making process on the Bitcoin […]

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Manage Traffic Congestion by allowing cars communicate using Blockchain ?

Ford patents blockchain solution to allow cars communicate for managing traffic congestion: American auto-maker Ford has patented a technology that will allow cars to communicate between themselves and help manage traffic congestion. The blockchain-powered solution envisages a crypto token to facilitate cooperation among vehicles, which will help the drivers and ease traffic congestion. If you […]