Bank of America Seeks Patent Protection for Blockchain Processing System

Bank of America Seeks Patent Protection for Blockchain Processing System

Bank of America is exploring how it might use a blockchain to better track the processing of file transfers in real time. The proposed system, outlined in a pair of patent applications recently released by the US Patent and Trademark Office, detail a system by which a blockchain could be combined with communications and memory devices to simplify the data processing process. As put forward in the filings, current systems require middleware to work, and have a large number of memory, resource and time requirements. At the same time, the data’s status during processing cannot be tracked, due to […]