British Telecom Awarded Patent for Blockchain Security Method

British Telecom Awarded Patent for Blockchain Security Method

The U.K.'s largest internet and telecoms provider has been awarded a patent for a proposed cybersecurity measure aimed at protecting blockchains. In the patent, awarded on Oct. 31, British Telecommunications PLC (BT) outlined a method designed to prevent malicious attacks on blockchains – outlining a way to limit who can commit transactions to the system through user-specific profiles.
Sony Seeks Blockchain Patent for User Authentication System

Sony Seeks Blockchain Patent for User Authentication System

Japanese tech conglomerate Sony may be looking to apply blockchain to a proposed user login system, according to a new patent application. Released by the U.S. Patent and Trademark Office on Oct. 26, the document outlines how the electronics maker might use two different blockchain platforms in conjunction with each other as part of a multi-factor authentication system (MFA). MFA systems work by giving users two different credentials to log into a website or program. After a user enters a standard username and password, an authentication token generates a code, which they must also input to gain access.
American Express Eyes Blockchain for Customer Rewards System

American Express Eyes Blockchain for Customer Rewards System

The travel and merchant arm of American Express may be weighing the use of blockchain within a personalized customer rewards system, public filings show. A new patent application published last week by the U.S. Patent and Trademark Office details a concept for offering customer-specific types of rewards (including points, a virtual currency or specific items tied to a product).
Cisco Seeks to Protect Blockchain System for IoT Device Tracking

Cisco Seeks to Protect Blockchain System for IoT Device Tracking

Tech conglomerate Cisco Systems has proposed a blockchain system to track Internet of Things (IoT) devices. In an application released by the U.S. Patent and Trademark Office on Thursday, the technology giant outlined a blockchain platform that can identify different connected devices, monitor their activity and evaluate how trustworthy the device is when connected to a network.
Bank of America Seeks Patent for Blockchain Processing System

Bank of America Seeks Patent for Blockchain Processing System

Bank of America is exploring how it might use a blockchain to better track the processing of file transfers in real time. The proposed system, outlined in a pair of patent applications recently released by the US Patent and Trademark Office, detail a system by which a blockchain could be combined with communications and memory devices to simplify the data processing process.
Nasdaq Awarded Patent for Blockchain Data Matching System

Nasdaq Awarded Patent for Blockchain Data Matching System

The U.S. Patent and Trademark Office has awarded exchange operator Nasdaq a patent for a proposed blockchain-based data matching system. First filed in February, the patent describes a data transfer and logging system, with a blockchain used to track trades and clearing positions.
CME Explores Logging Trade Transactions on Blockchain System

CME Explores Logging Trade Transactions on Blockchain System

New patent filings from Chicago Mercantile Exchange (CME) highlight how the firm might use blockchain to store and execute financial transactions. According to two applications released by the U.S. Patent and Trademark Office (USPTO) on Thursday, the commodity derivative exchange may be looking into developing a transaction platform able to execute transfers automatically at times defined by the parties involved. The two applications, which primarily differ in the specific language used to describe the potential invention, outline how the platform would be housed on a system of computer processors, utilizing a distributed ledger as the basis for recording transactions.
Spanish Telco Telefonica Hints at Blockchain Role in Data Tracking

Spanish Telco Telefonica Hints at Blockchain Role in Data Tracking

Spanish broadband and telecommunications provider Telefonica may be looking to apply blockchain as a way to cryptographically verify data, according to newly released documents. On Oct. 12, the U.S. Patent and Trademark Office (USPTO) published an application for a "Method to Assure Correct Data Traversal Through a Particular Path of a Network." The document outlines a way to transfer data from one point to another using a specific path through a Service Function Chain (SFC). The patent also describes how a blockchain could be used to track the data to ensure it follows the correct path and arrives at the proper endpoint, thus improving the SFC's reliability.

FICO Patent Filing Hints at Plans for Bitcoin Exchange Monitoring

The company behind the FICO credit scoring system is looking at how to collect information from bitcoin exchanges as part of a new anti-money laundering product, new public documents show. A patent application from FICO, published September 21, details a programmable system for detecting potentially illicit transactions and flagging them for future review. That information would then be used to develop "threat scores" to be utilized by bank anti-money laundering specialists, according to the filing.
Mastercard Hints at Plans for Blockchain Settlement System

Mastercard Hints at Plans for Blockchain Settlement System

A new patent application from global card issuer Mastercard indicates that the company may be looking to integrate blockchain into its payments infrastructure. The U.S. Patent and Trademark Office (USPTO) published a new application from the financial giant this week that outlines a solution for a "uniform settlement system" – one that would help ease some of the friction involved with business-to-business payments.