Patent

Several financial institutions have recently been hedging their bets or completely integrating cryptos. The proper acquisition and filing of patents is how big organizations express their interest in a particular field, and Bank of America (BofA) still leads, one for "tamper-responsive". On October 30, 2018, BofA put yet another crypto-related patent to its major collection of over 50 applications that were filed in similar field.

There was much said and written about blockchain and its cutting-edge features that can be applied to any industry or company. Blockchain itself is not the answer, but a fuel for future creations and innovations. And those who understood it before anybody else will receive or has already received all the credit and recognition.

Bank of America (BoA), a big US-based banking institution, has filed a patent for a mega system created to give a more secure means for keeping Crypto.

One day, it will be possible for all consumers to charge their purchased items on their charge card or credit cards using cryptocurrencies such as bitcoin. Mastercard won a patent on July 17 to bergh a method that would properly manage "fractional reserves of all blockchain currency." At this moment in time, all Mastercard bearers can only pay for items using official currency the government has announced as legal tender, said the Mastercard's Senior Vice President for communications, Seth Eisen.

As delivery is one of the most perturbing issues of online retail, Walmart is planning to solve the enigma one blockchain patent as per now. The Bentonville, Arkansas-headquartered big-box retailer was heavily awarded a patent on July 5 detailing an invention looking on the delivery of all packages plus scheduling the delivery of these great packages. Dubbed "Delivery Reservation Apparatus and Method" the patent that was filed early 2017 points at delivery hubs that use a public ledger to ascertain effectual capacity and create reservations.

The US Patent and Trademark Office (USPTO) has announced a patent application from Mastercard for a system and method that uses blockchain technology for payment card verification at the point-of-scale (PoS). Mastercard filed this patent in December 2016.

MasterCard, the world’s payments colossal, is planning to patent a way to add a new node to a blockchain network quickly, according to new filings revealed recently.

The Intellectual Property Office of Singapore announced a Fintech Fast Track initiative which allows startups of the sector to receive patents faster. From now on, it will take six months instead of two years.

One of the world’s technology giants is going to implement blockchain tech. It was announced in a document by the U.S. Patent and Trademark Office (USPTO). The FinTech platform will be adjusted for storing digital rights.