Patent

Chinese e-commerce giant Alibaba has filed a patent for cross-chain technology that improves the connection between blockchains through domain names. The ‘unified domain name scheme’ has been approved by the United States Patent and Trademark Office (USPTO).

The distributed ledger technology (DLT) product authentication system patent filed by the United States e-commerce company Amazon has been approved by the US Patent and Trademark Office (USPTO). Their new platform aims to provide ‘digital trust’ to the product supply chain (SC).

The automotive giant from Detroit, General Motors, has filed a patent for a blockchain-based platform that will be utilized by the company’s self-driving cars. The filing was submitted to the US Patent and Trademark Office on April, 2.

Microsoft recently registered a patent for a technology that uses human activities for cryptocurrency mining. According to the document, the technology leverages our brain waves and body temperature needed to perform various online tasks.

The Italian government is trying to bring about inventions related to Blockchain and distributed ledger technologies (DLTs) that are mostly software and concern systems aimed at improving the functionality and reliability of networks such as enhanced authentication systems and communication protocols, and the efficiency of hardware incorporating these technologies like algorithms.

Walmart Inc., the American based and world’s biggest firm by revenue, at around $514.405 billion this year, filed a patent focusing on blockchain-backed drones. The company is highly interested and able to participate in innovative technologies including cryptocurrency and distributed ledger tech (DLT).

A new patent application that was officially published on Tuesday, December 25, shows that Bank of America (BofA) plans to ameliorate cash handling with the help of a blockchain system.

There is a common misconception among foreigners to the crypto ecosystem that the criminals use blockchain technology because of the privacy feature it grants them. Though this seems not completely right. Several public blockchain technologies are highly fictitious and imaginary and anyone could with ease see another person’s transaction chronicle on the distribution ledger technology (DLT).

Swathes of crypto mining ventures are currently failing in the business, largely because of expensive energy costs and the increasing hardship of mining, which contributes to an unprofitable system. The output result of mining isn't worth the exertion. But Intel believes it can contend high power usage with its new patent.