Blockchain 

Samsung Files Patent for ‘Programmable Blockchain Solid State Drive’

South Korean consumer electronics giant Samsung has filed a patent for a blockchain-enabled Solid State Drive (SSD). “Programmable blockchain solid state drive and switch” Local industry news outlet Decenter reported on Sept. 3 that Samsung applied for the “programmable blockchain solid state drive and switch” patent on Jan. 15 and that it has been published on Feb. 2.  Details of the newly designed system are sparse, but it will reportedly be used to improve the speed and lifespan of blockchain-aware storage devices. To achieve this objective, Samsung intends to use…

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Blockchain 

Publicly-Listed Firm Files Patent to Put Cannabis on the Blockchain

Australian Securities Exchange-listed firm Security Matters has filed a patent application in the United States for a blockchain system to securely manage the cannabis supply chain. The proposed system could be applied to mark, track and manage the supply chain for cannabis plants, products and cannabis-derived ingredients, ZDNet reported on Sept. 3. Cannabis on the blockchain Security Matters — which publicly trades in Australia but is headquartered in Israel — has indicated that the scope of the patent covers the use of its proprietary chemical solution for “marking” cannabis plants…

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Bitcoin 

Kleiman Files — Craig Wright Controversy Gets Complicated

With each passing day, Craig S. Wright’s reputation continues to take a bigger beating. This time around, a Florida court has found the self-proclaimed inventor of Bitcoin (BTC) to be guilty of not only submitting false documents as part of an earlier testimony but also lying about a legal dispute (related to the estate of his former partner, David Kleiman) to the United States justice system.  The presiding judge, Bruce Reinhart, concluded the latest hearing by ordering Wright to surrender more than $4 billion worth of cryptocurrency in favor of…

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Blockchain 

Bank of America Files Patent for Multi-Tiered Digital Currency Wallet

United States-based investment banking company Bank of America (BofA) has filed a patent for a digital currency wallet with multiple layers of asset access. The proposed wallet would accept different passwords for different amounts of funds requested.  The United States Patent and Trademark Office published BofA’s application on Aug. 15. Per the filing, this technology would comprise a computing platform with a digital wallet interface.  The platform would be configured to operate within a peer-to-peer network for blockchain management — which could potentially be public or private. The application points to…

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Blockchain 

Alibaba Files US Patent for Blockchain Domain Name Management System

Chinese online retail giant Alibaba has applied for a United States patent entitled “Domain Name Management Scheme for Cross-Chain Interactions in Blockchain Systems.”  Alibaba filed its latest application on Aug. 15 in a continuation of an application filed in November 2018. According to the filing, Alibaba intends to patent a system that uses what they call a “unified blockchain domain name” (UBCDN) in order to denote and share information. In the system, Alibaba proposes to use a computing system to generate a UBCDN message which contains a blockchain domain name…

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Blockchain 

Walmart Files Patent for Blockchain-Based Drone Communication System

American retail giant Walmart has submitted a patent application for a drone communication system that is based on blockchain technology.  Walmart filed its patent with the United States Patent and Trademark Office (USPTO) on Aug. 1. The filing describes a system on a drone that encrypts and stores that drone’s operational parameters. That information is subsequently passed to another drone, which decrypts, reads and then configures to those parameters. In essence, the vehicle-to-vehicle communication system between unmanned drones would relay messages, mesh communications networks and allow machines to be aware…

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Blockchain 

Tech Behemoth IBM Files for a Blockchain-Enabled Web Browser Patent

American technology behemoth IBM has filed with the United States Patent and Trademark Office for a blockchain-enabled web browser patent. According to a patent application published on Aug. 6, IBM has filed a patent application for a system that stores web browser events on a blockchain. The browser described in the filing collects information during web browsing sessions and transfers it to peers in a peer-to-peer network for on-chain storage of the in-browser events. Examples of data that could be stored on chain include: visited websites, bookmarks, search terms, cookies,…

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Cryptocurrency 

Bitcoin Mining Manufacturer Canaan Files for IPO in US Worth $200 Million

As per a report, Canaan Creative, the major Bitcoin miner manufacturer, is supposed to have confidentially filed for an IPO in the US. As Bitcoin has grown into one of the biggest cryptocurrencies in the world, a range of industries have cropped up that are seeking to provide services that will help create a more robust ecosystem, and most of them are bearing fruit. For instance, new crypto exchanges are cropping up every other day, and it has become an industry in itself. However, not much has yet been talked…

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Blockchain 

Bank of America Files Patent for Settlement System Citing Ripple

Bank of America has filed for a patent for a settlement system citing the Ripple ledger, according to a filing on Google Patents. The patent in question — the application of which was published on June 6 — describes a system using distributed ledger technology (DLT) as an interbank communication tool. The proposed system would enable real-time settlement with transactions being communicated through a shared, decentralized ledger to which both the banks would have access. The decentralized network would both verify the identity of the payer and the payee and…

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Blockchain 

Fidelity’s Crypto Branch Files for a New York Trust License: Report

Fidelity’s crypto arm Fidelity Digital Assets Services (FDAS) has applied for a license to operate as a trust in New York State. FDAS has filed an application with the New York Department of Financial Services (NYDFS) for a trust license, crypto media outlet The Block reported on July 20, citing several unnamed sources familiar with the matter. If the license is approved, FDAS will officially be allowed to offer its crypto custodial services in the state of New York, operating as a Limited Purpose Trust Company, the report notes. In…

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