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Bank of America Files Patent for Cryptocurrency Custody System

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The Bank of America Corporation has filed with the U.S. Patent and Trademarks Office for a secure means for the storage and custody of cryptocurrencies. The filing describes a system for recording and storing data pertaining to cryptocurrency transactions designed for enterprises. Also Read: UK Banks Freeze Company’s Accounts After Owner Traded on Localbitcoins Bank of … Read more

Blockchain Arms Race Continues as More Companies File Patents

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Barclays Bank is the latest in a long line of companies that have filed blockchain-related patents as they seek to gain an edge on the newest technology frontier. The London-based financial services giant filed the two patents with the U.S. Patent and Trademark Office on July 19, with the first detailing a blockchain-based currency system … Read more

Barclays, 300 Year-Old UK Legacy Bank, Files Crypto Patents

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The UK’s Barclays, arguably the most powerful international corporate bank in the world, filed two crypto-related patents this week. The 300 year-old legacy bank gobbled up exclusivity over cryptocurrency transfers and distributed ledger data storage. There appears to be a trend for companies, both in and out of the ecosystem, aiming to lock up the … Read more

Is Walmart Poised to Become a Major Blockchain Player?

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Semantics aside, the world of blockchain technology represents a new paradigm in the way businesses interact and operate. When its true potential is realized, the integration of blockchain throughout global industries may manifest as a transformative wave that beckons the next era of technology and business. While one certainly wouldn’t expect retail giant Walmart to … Read more