Verizon Files for Passcode Blockchain Patent
Verizon Communications has filed a patent for a Blockchain technology for managing passcodes. The telecom giant, the largest in the US, filed the patent in May. The technology, apparently in development for years now, would deal with the management of digital rights. According to the patent, the purpose for this application of Blockchain technology is the tracking and management of customer passcodes: “The DRM (digital rights management) system may maintain a list of passcodes in a passcode Blockchain. The passcode Blockchain may store a sequence of passcodes associated with the particular....
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US communications giant Verizon has filed a Blockchain patent for its digital media rights following three years of investigative research. Verizon: Patent for ‘Passcode Blockchain’. Verizon, the largest communications company in the US, made the application in May but has declined to comment on its plans behind the move. The patent, a copy of which was....
Visa, Capital One, JP Morgan. While it may be expected that the world's leading financial firms would be interested in bitcoin and blockchain tech given its association with currency, the technology's range of potential use cases is attracting perhaps more surprising names. For example, Verizon Ventures, the venture capital arm of US telecommunications giant Verizon, recently invested in Filament, a Nevada-based startup seeking to use the bitcoin blockchain and Ethereum to enable Internet of Things (IoT) devices to both be tracked, and to transact, on a public ledger system. The investment....
Goldman Sachs has submitted a patent application focusing on how blockchain could cut out the middle man with transaction costs, claiming that the technology could change the current process. The patent, “Systems and Methods for Updating a Distributed Ledger-Based on Partial Validations of Transactions”, which was published on September 8 by the U.S. Patent and Trademark Office (USPTO), was initially filed in March 2015, making it Goldman Sach’s first blockchain focused patent. Banks Turning to Blockchain. Since the introduction of bitcoin, banks have slowly been turning their attention to....
Amazon. AT&T. Bank of America. Goldman Sachs. IBM. JPMorgan. Mastercard. R3. Western Union. Verizon. These are just a few of the corporations which have filed blockchain-related patent applications worldwide. But, what about bitcoin-specific patent applications, not blockchain? Bitcoin Can’t Be Patented. Because Satoshi Nakamoto published the Bitcoin....
Xiaomi, one of the biggest mobile phone and tech companies in the world, has introduced a patent that implements blockchain technology for the creation of its own virtual characters. The patent, introduced in China, mentions that the creation of these characters will be randomized thanks to the introduction of a gene sequence, responsible for determining the looks of the character.
Xiaomi Introduces Blockchain in Character Generation Patent
More and more industries are including blockchain as part of their new products due to its decentralized and immutable traits. Xiaomi, a....