Posts in category

Patents


Retail giant Walmart is exploring a way to let households manage their electricity bills using cryptocurrency – a concept it says could potentially lead to increased efficiency and lower prices. According to a patent application filed by Walmart in December 2017 and revealed on Thursday by the U.S. Patent and Trademark Office, the company is …

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Payments giant Mastercard is exploring the use of public blockchains in securely verifying payment cards at the point of sale, public documents show. According to a patent application filed with the U.S. Patent and Trademark Office (USPTO) and released on Thursday, Mastercard has come up with a conveyance and retrieval processes to verify users’ payment credentials …

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China Mobile Corporation, one of the three state-owned telecommunications giants in the country, is exploring the use of distributed ledger technology within its core mobile data business. According to patent application filed with China’s State Intellectual Property Office (SIPO) in November 2016 and made public on Tuesday, the company is eyeing the development of a …

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China’s Ministry of Public Security has developed a blockchain system aimed to more securely store evidence collected during police investigations. According to data released by China’s Intellectual Property Office on Tuesday, the ministry’s research arm filed a patent application in November 2017 for a blockchain-based system that timestamps and stores data submitted to the cloud …

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Network tech giant Cisco won a patent on Tuesday that could be applied to the bitcoin mining process. Cisco submitted a patent application back in September 2015 for a “Crowd-sourced cloud computing” system, according to information from the U.S. Patent and Trademark Office (USPTO). The patent outlines how computer owners may be able to offer …

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China State Grid Corporation, the country’s state-owned electricity utility monopoly, is looking to blockchain technology to advance its plans for an “Internet of Energy.” In a patent application filed to the China State Intellectual Property Office in November last year and released last week, the energy giant has detailed its exploration of a blockchain-powered system …

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IBM may one day be testing software applications on a blockchain system, public filings show. In a patent application released Tuesday by the U.S. Patent and Trademark Office (USPTO), the company describes a “blockchain test configuration” that could provide a “simple and secure infrastructure for testing applications” by allocating testing tasks to miners who could …

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Cisco is looking at blockchain technology as a way to make confidential group messaging easier and more secure, public filings show. In a patent application released Thursday by the U.S. Patent and Trademark Office (USPTO), the company described how a blockchain could enable people to form groups spontaneously and share files and other information while keeping …

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Tech giant Intel is seeking to patent a hardware “accelerator” for bitcoin mining chips, a newly-published filing reveals. The application for a “Bitcoin Mining Hardware Accelerator With Optimized Message Digest and Message Scheduler Datapath” was published on Thursday, though it was originally submitted to the U.S. Patent and Trademark Office (USPTO) in September 2016. In …

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The United States Postal Service (USPS) had filed a patent last September for a system with public and private keys and a “block chain [sic] component” for authenticating user information, according to a patent filing released yesterday, March 22, by the the US Patent and Trademark Office. The patent, titled “Methods and Systems for a …

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Google may be looking to secure audit information using blockchain tech, a patent application published on Thursday suggests. The filing, released by the U.S. Patent and Trademark Office and submitted in September 2017, proposes using a blockchain to create a “tamper-evident” log which can store signatures, verify that information stored by the system has not …

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The Royal Bank of Canada (RBC), reportedly the country’s largest bank, filed a patent for a credit score platform using Blockchain technology this past fall, according to the patent application from the US Patent and Trademark Office released March 15. The patent describes a Blockchain-based credit score platform where “credit records are recorded using blocks …

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The Royal Bank of Canada may be interested in putting credit scores on a blockchain. In a patent application released Thursday, the bank outlines a platform built on a blockchain that would automatically generate credit ratings using a borrower’s historical and predictive data. The application as described proposes a system that would utilize more data …

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Global payment giant American Express may be looking into using blockchain to boost the speed of transactions. In a patent application released by the U.S. Patent and Trademark Office on Thursday, the credit card company’s travel arm – the American Express Travel Related Services Company – describes using the tech to facilitate payments between two …

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ZhongAn Technology, a subsidiary of Chinese online insurer ZhongAn, has filed a patent for a blockchain solution aimed to protect media companies’ intellectual property rights in the face of growing piracy and illicit file sharing. According to a filing published Tuesday by China’s State Intellectual Property Office, the system seeks to prevent unauthorized distribution of …

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. PayPal has filed a patent to speed up cryptocurrency transaction times by eliminating the verification time of payments. Bitcoin expert argues that this is already made possible through existing technologies in the cryptocurrency industry. …

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Chinese telecoms giant and smartphone maker Huawei may be seeking to use blockchain tech to protect digital property rights. In its latest patent application, released by China’s State Intellectual Property Office on Tuesday, the Shenzhen-based technology firm details an invention that claims to add a verification feature to a peer-to-peer content distribution network powered by …

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U.S.-based payments giant PayPal has filed a patent with the U.S. Patent and Trademark Office (USPTO), published on March 1, to increase the speed of cryptocurrency payments. The patent describes an “Expedited Virtual Currency Transaction System”, involving the use of secondary private keys to shorten wait times for transactions between consumers and merchants. The patent’s …

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Chinese multinational PC company Lenovo has filed a patent with the U.S. Patent and Trademark Office (USPTO) for a system to “verify integrity of physical documents,” using a “security Blockchain.” The patent application was submitted in August 2016, but was published late last week on Feb. 15. The use of digital signatures encoded into documents, …

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The past 12 months have seen a range of patent applications focused on cryptocurrency or blockchain applications, including some from notable firms such as banking giant Bank of America and credit scoring giant FICO. In sum, the flow of patent filings witnessed in the last year demonstrates that some of these major businesses are seriously …

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