Breaking “the Silo Between Blockchain-Based Cryptocurrency and the Existing Monetary System” is a Priority for the PBoC

The Digital Currency Research Lab at the People's Bank of China has been working hard to develop a cryptocurrency which would be composed of features of both cryptocurrencies and the present monetary system by filing more than 40 patents in less than a year, reported Coindesk on June 26. According to¬†PBoC's patents, the main goal … Continue reading Breaking “the Silo Between Blockchain-Based Cryptocurrency and the Existing Monetary System” is a Priority for the PBoC

Bank of America Has Won a Blockchain Patent For Security Tools

The Bank of America has won a blockchain patent for security tools, which would allow the bank to control access to some features of a permissioned¬†blockchain network, reported Coindesk on May 22. The patent entitled "System for managing security and access to resource sub-components" outlines how security tokens would be used to give access to … Continue reading Bank of America Has Won a Blockchain Patent For Security Tools