Bank of America Has Filed for Over 20 Blockchain Patents Already !!!

Bank of America is emerging as one of the most active banks in submitting patents on inventions claimed in Blockquin and Cryptoconces.

In the beginning of last year, three new submissions have been submitted to the US Public Patent and Trademark Office, since 2014, the number of 20 blockchain and cryptoconce related patent applications submitted by the bank has been added.

Of these, nine were submitted in 2016, four were filed in 2014 and 10 in the year 2014.

If there is a difference between the languages ​​used in the registration, three new applications focus on a hybrid blockbain system, it consists of a combination of both Tired BlockKayen Network or both public and private blockbay composites.

In each, a Blockchain network is designed to work as a distributed database for specific action flow, thereby providing a center through an additional system that can control security and data access for various subordinate levels.

Significantly, the idea that using Blockchain technology could be used to access data access and access to information is not new to the company, previously searched in Bank of America's 2015 printed.

Although despite the number of patents submitted, it is noted that it is overlapped on a certain amount.

As CoinDesk filed the February report last month, Bank of America filed three patents based on the authenticity of the data and using those distributed lasers to manage it. The other two applications submitted in the same month based on a peer-to-peer payment system run on the blockkain run on Blockquen.

But how the submission is delayed in public, it is shown that Bank of America is still actively filing for the protection of Blocken's work.

Yet, it has the longest history of a major bank in it. Until 2014, a group of inventors from the bank filed 10 patent applications to protect a generic cryptocrince.

The batch was submitted in June, 2014, which includes the complete cryptography exchange and payment process, including real-time conversion, transaction validity, risk identification and online and offline storage.