Mastercard files a patent, proposes a new way to keep crypto transactions private

In the race of fiat and crypto payment processors trying to outperform one another, Mastercard has rolled out a futuristic idea of keeping crypto transactions private. They recently filed a patent and according to the US Patent and Trademark Office, the industry giant has proposed a method of executing the transaction on the blockchain. As a…

December 12, 20180Comments

ByAzeem Saifi

Bitcoin Technology

Square is All Set to Facilitate Payments in Crypto

Square, a financial service provider, has just won a patent which enables payments to be made in multiple types of assets, including cryptocurrencies. The application was submitted by Square to the U.S. Patent & Trademark Office and has been approved. It does not only facilitate merchants to deal in the traditional modes of payment but also…

October 5, 20180Comments

ByAzeem Saifi

Technology

Walmart to Create Autonomous Robots Powered by Blockchain Tech

Walmart is among the finest and largest retail giants in the world right now and even in the past, it has taken incredibly bold steps to revolutionize the industry by bringing in a great deal of innovation. However, their recent move, which features the plan to create a platoon of autonomous robots with the help…

September 10, 20180Comments

ByAzeem Saifi

Technology

UPS Plans to Streamline Logistics via Blockchains

United Parcel Service (UPS), a century-old company, asserts that using blockchain technology can help with managing the global supply chain by streamlining package delivery logistics. The US Patent & Trademark Office has published documents which show that UPS filed for several patents in connection to blockchain technology as well as a DLT, which are to…

September 8, 20180Comments

ByAzeem Saifi

Technology

IBM is Working on a Hardware Implementation for Blockchain Technology

Following the news from Microsoft, one of their main competitors IBM has also applied for a patent called "Node characterization in a blockchain," which hosts a method for extracting information on a blockchain about a node. The patent comes from an Indian team employed by IBM, and is due to the work of: Bhavani K. Eshwar…

August 23, 20180Comments

ByZoran Spirkovski

Technology

Mastercard Patents Blockchain-Based Payment Verification

Mastercard has submitted a patent application to the US Patent & Trademark Office (USPTO) for a system that is authenticating cards at the point of sale (POS) using blockchain technology. The company has always been outspoken about numerous flaws of traditional payment services and security platforms stating those are prone to breaches, error, and manipulation.…

June 16, 20180Comments

ByZoran Spirkovski

Bitcoin

Bank of America files new Patent for Blockchain Technology

For months now, banks and financial institutions all over the world have invested considerable capital in blockchain technology research and project development. The Bank of America for instance has just filed a couple of patents meant for a blockchain system that will improve the tracking process of file transfers in real time. By utilizing this system,…

October 27, 20170Comments

ByDaniel Dob

Bitcoin Featured

Large Multinational Corporations Try to Patent Bitcoin Companies

Big conglomerates worldwide have filed patent applications for the Bitcoin currency. Some of these multinationals include Amazon.com; AT&T Global Network Services; IBM; Goldman Sachs; Bank of America; MasterCard; JPMorgan Chase; R3 Consortium; Verizon; and, Western Union. Patent Not Possible for Bitcoin The bad news is Bitcoin cannot be patented. Satoshi Nakamoto is said to be the…

January 21, 20170Comments

ByKewl