Proof Work algorithm, used in famous cryptocurrencies like Bitcoin and Ethereum could be made more efficient, as the high energy consumption shows. A new Amazon blockchain proof of work patent could change that.
Micropayment is a key blockchain use case, however, the scalability remains a challenge. A new StormX micropayment blockchain patent will likely help.
Bitcoin mining is a computation-intensive operation that also incurs a high electricity cost. A new Intel blockchain patent proposes to use hardware accelerator to reduce this energy cost.
Adaptive cybersecurity solutions need more and more data, and analytics. A new blockchain cybersecurity patent owned by Forcepoint can help in managing this high volume of data.
Identity management is complex and time-consuming, however, blockchain can change that. Thomson Reuters has recently won a blockchain identity management patent, which should simplify identity management.
Accenture blockchain patent drive continues as the technology major proposes to address the blockchain networks interoperability challenges
Innovation is flourishing in India, as the recent India blockchain patent landscape push shows. The country is now ranked 6th globally in terms of number of blockchain patents.
Network security and database management are two areas where blockchain can help. New IBM blockchain patents in these areas have significant potential.
Bank of America blockchain patent spree continues. The bank has a large number of blockchain patents, and has recently filed an application for using the technology in “ATM as a Service”.
Autonomous cars will use and create massive amount of data. For self-driving cars to become a reality, effective information sharing between many stakeholders is imperative. A General Motors blockchain patent could pave way for secured information sharing.