Patents

The Winklevoss Brothers Awarded 6 Stablecoin Patents

  • One of the Winklevoss' patents describes how financial transactions, conducted via smart contracts, could use stablecoins as collateral.
  • Another, explains how banks and "other trusted entities" can be used to create and issue new tokens.

IBM Patents a “Self-Aware Token”

  • IBM's patent describes a a ledger-based payments system, which uses "self-aware tokens" to track and record offline transactions.
  • The company claims that the system's ability to track the history of a token will "bolster trust and viability" within a new token-based economy.

New IBM Patent: Switching Mobile Service Providers Using Blockchain

  • The new patent describes a system that makes it easier for people to switch service providers while keeping the same phone number.
  • Current number portability services are inefficient, costly, and slow, and can take up to 15 days.

Nike Awarded CryptoKicks Patent

  • Blockchain will be used to secure ownership and allow consumers to check sneaker authenticity.
  • The digital asset management will be handled by Digital Locker, which is essentially a blockchain-powered mobile app.

IBM Patents Blockchain Use For Preventing Thefts by Drones

  • The patent describes a system where packages will be equipped with an altimeter, tracking their altitude to prevent drones from stealing it.
  • Blockchain will be preferably used as a way to store the tracking data, granting access to the consumer, merchant, and shipper.

Cisco Secures 5G Edge With Blockchain Patent

  • In the race for 5G supremacy, every small advantage will count.
  • The patent describes a blockchain platform the can be implemented in wireless networks and helps with the data exchange between devices and the networks they operate in.

Coinbase Patents System that Identifies Non-Compliant Accounts

  • Coinbase's system will use a variety of factors to determine if an account fails the compliance standards or not.
  • The system will self update its compliance model from the data that it collects, as well as suspended and report "bad" accounts.

Blockchain-Based vSIM Patent Awarded to Verizon

  • The telecommunications giant could soon replace traditional physical SIM cards with a software version, secured with blockchain-based encryption.
  • The vSIM could be used from multiple devices associated with the user's account,and even be temporarily assigned to other users.

Bank of America Tries to Patent Multi-Tiered Cryptocurrency Wallet

  • The wallet will be configured to work in a decentralized peer-to-peer network.
  • The current cryptocurrency wallet system has a number of security issues, such as mismanagement or potential theft of private keys.

IBM Has Filed for a Blockchain-Based Web Browser Patent

  • The web browser will gather pre-specified information from browsing sessions, which will then be transferred to a peer-to-peer network for on-chain storage.
  • The filing also shows that a token has been included in the model, and it will be used to verify a user's browsing session, as it is packaged into blocks on the network.