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Bank of America (BofA) has applied for another blockchain patent


xtinepink

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The second largest bank just applied for another patent.  In the past past few months they already filed many patents that was actually reportedly in having the largest holder of blockchain-related patents among all companies that even beat IBM. 

“We’ve got under 50 patents in the blockchain/distributed ledger space,” said Bank of America’s chief technology officer, Catherine Bessant, during the CB Insights Future of Fintech even in New York, where this statement came out a few months ago. 

The patent is  “Block Chain Encryption Tags,” in which, it is a system of recording and storing cryptocurrency-related transactions that are handled by enterprises. 

 

What are your thoughts? 

 

Check more of that here. 

https://cointelegraph.com/news/bank-of-america-applies-for-blockchain-based-encrypted-crypto-storage-system-patent

 

 

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