Coinbase Secures Patent for Bitcoin Transactions via Email Addresses

Coinbase Secures Patent for Bitcoin Transactions via Email Addresses

The CEO of one of the most popular cryptocurrency exchanges Coinbase, Brian Armstrong, has recently been granted a patent which will allow consumers to trade Bitcoin through email, according to the United States Patent and Trademark Office (USPTO). The cryptocurrency patent, which was granted in the U.S., portrays a digital system for crypto consumers to make payments in cryptocurrencies through a more common medium like email addresses. The patent essentially describes how these far more…

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Nike Receives Approval for Patent of Blockchain-Enabled Sneakers ‘CryptoKicks’

Nike Receives Approval for Patent of Blockchain-Enabled Sneakers ‘CryptoKicks’

Nike has recently become a patent holder for a new and innovative sneakers called ‘CryptoKicks.’ CryptoKicks use blockchain technology to attach digital assets such as cryptocurrency to a material product. They are the up and coming vision for Nike as the popularity of cryptocurrency grows in developed nations. In addition to storing digital assets, the new sneakers will also make use of blockchain technology to ensure a safety measure to verify the validity of the…

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Bank of America Files a Patent for Multi-Tiered Digital Wallet Security

Bank of America Files a Patent for Multi-Tiered Digital Wallet Security

The US Patent and Trademark Office (USPTO) published a new patent application by Bank of America titled “Multi-Tiered Digital Wallet Security,” on August 15. As listed, the new patent’s system was invented by the banking firm’s senior technology manger, Manu Kurian. The patent was initially filed by Bank of America in February 2018 and has now been publicly published. With this patent, Bank of America is planning to provide users with different levels of access…

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Walmart Submits Blockchain-Powered Patent for Drone Coordination and Communication

Walmart Submits Blockchain-Powered Patent for Drone Coordination and Communication

U.S. tech giants and retailers have been filing a patent after patent, developing the new future use cases of blockchain technology. Walmart, the largest retailer in the United States, is also leaving no stone unturned. Walmart has recently filed another patent that shows the company’s interest in blockchain-powered drones. Blockchain and crypto patents are no strangers to Walmart. Previously, Walmart has filed a blockchain-based patent for autonomous robot delivery. Moreover, the largest retailer in the…

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New Blockchain Patent Shows IBM Wants to Enter the Web Browsing Arena

New Blockchain Patent Shows IBM Wants to Enter the Web Browsing Arena

Recently, IBM filed another patent that details a blockchain-powered web browser interface. On August 6, 2019, IBM’s patent for an interface of a web browser powered by distributed ledger technology was filed with the United States Patent and Trademark Office. According to patent, the newly developed blockchain-backed browser will gather some pre-decided information from the users’ browsing session. The user-agreed information – which will be collected in order to give a better browsing experience –…

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Walmart Wants to Become ‘Currency Micromarket’ with New Cryptocurrency Patent

Walmart Wants to Become ‘Currency Micromarket’ with New Cryptocurrency Patent

Walmart submitted a patent application on August 1 that would presumably help the retail giant to generate its own cryptocurrency and a blockchain network. The digital currency’s goal is to make transactions cheaper, quicker and to possibly serve as an easier banking solution for consumers. The patent refers to a hypothetical “currency micromarket,” defined as “an unattended retail environment in which consumers can buy products from open shelves, coolers or freezers and use a self-checkout…

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IBM Holds the Most Blockchain Patents (108) in the US; Bank of America Second (52)

IBM Holds the Most Blockchain Patents (108) in the US; Bank of America Second (52)

Big tech and finance companies have been filing patent after patent that indicates the company’s bullishness on blockchain technology. And when it comes to blockchain innovation and patent filings, IBM is leading the pack. Nobody is unfamiliar with how big the tech giant IBM is betting on blockchain technology. IBM has recently launched its blockchain-based cross-border payment platform World Wire and signed six international banks to roll out their own stablecoins on its platform. IBM…

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USPTO Approves Amazon Patent that Uses Bitcoin Technology to Prevent DDoS Attacks

USPTO Approves Amazon Patent that Uses Bitcoin Technology to Prevent DDoS Attacks

Recently, the e-commerce giant Amazon has been granted a patent for a proof-of-work (PoW) system that could be utilized to prevent distributed denial of service (DDoS) attacks that computer networks are often subjected to. The patent was filed initially in late 2016 and the patent application was finally approved by the U.S. Patent and Trademark Office (USPTO) earlier this week. The patent basically shows how Merkle Trees can be planted to prevent DDoS attacks and…

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AT&T Seeks to Build Blockchain-Based Mapping for Social Media History with a New Patent

AT&T Seeks to Build Blockchain-Based Mapping for Social Media History with a New Patent

Blockchain technology is set to become the holy grail of underlying technologies. In the legacy server/client based systems, there was only the option of representing data collected through user input in some way or form. However, blockchain technology has brought forth a way to solve the problems of modern day internet. It brings transparency, reliability, and value back to the information that is present on a platform. There are several ways that blockchain technology can…

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General Motors Files Blockchain Patent for Self-Driving Cars

General Motors Files Blockchain Patent for Self-Driving Cars

General Motors (GM) might be considering a blockchain platform to help them managed automated car data based on a recently published patent. GM is an American multinational corporation that designs, manufactures and distributes cars and sells financial services. On Thursday November 29 a patent application was published that detailed the ability to store data on self-driving cars on a distributed ledger. The patent was produced by GM Technology Global Technology Operations LLC and filed with…

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