Blockchain Patent Blockchain Patents

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 […]

Blockchain Blockchain Patent

Cryptocurrencies included in Bank of America Business risk list

Author – Sam Reads, UK Bank of America admitted cryptocurrencies pose a material risk to its business model in its annual report. In a report published and filed with the US Securities and Exchange Commission (SEC), Bank of America -one of the largest financial institutions in the world admitted that digital currencies are a threat […]