IBM blockchain patents targeting network security and database management published

CRYPTONEWSBYTES.COM IBM-logo-flickr IBM blockchain patents targeting network security and database management published

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IBM, the American multinational technology giant has two new patent applications. These IBM blockchain patents address network security and database management, respectively.

Blockchain has attained fame due to highly popular cryptocurrencies Bitcoin and Ethereum, however, it can offer more. The key promises of blockchain are decentralization, security, and immutable record.

These promises make the technology potent in many use cases. Supply chain, finance, insurance, data provenance, energy trading are just a few examples of such use cases.

IBM is clearly pushing the envelope, though! United States Patent and Trademark Office (USPTO) has recently published applications for two new IBM blockchain patents concerning two new use cases.

Network security management is increasingly complex. Experts note the following:

Database management is another area with increasing complexity. Experts have observed the following challenges:

Blockchain, with its’ decentralized security, distributed ledger, tamper-proof records, transparency, and smart contracts can bring a paradigm shift in both network security and database management. That’s where IBM has stepped in.

Promising new IBM blockchain patents

IBM proposes the following in its patent application for network security management:

How does IBM plan to use blockchain improve database management?

Currently, database management systems separate the storage of data from accessing or using it. Databases use a high degree of computing resources due to this. Blockchain already features redundancy in data storage and a high extent of computing power. IBM plans to use these very features to improve database management.

There are several IBM blockchain patents already. One of their patents involves auditing blockchain networks. They also intend to patent a blockchain-based drone security solution.

IBM’s blockchain push

Among technology giants, IBM continues to push blockchain innovations. It’s not about patents alone. The company has a supply chain solution to improve the “Bill of Lading” (BoL) process.

IBM has partnered with Maersk to cut down shipping time using blockchain. They are also using blockchain to assure jewellery-buyers about the origin of the precious gems the consumers buy. Their proactive stance on blockchain will likely help the growth of the technology.

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