Home Tag "Bank of America"

Bank of America Has the Most Blockchain Patents, But Is It Actually Going to Use Them?

On October 30, Bank of America (BofA) added yet another cryptocurrency-related patent to its collection of more than 50 applications filed within the same field. The second-largest bank in the US has been leading in the informal blockchain patent race, sidestepping such players as IBM and Alibaba. However, that does not mean that BofA is being bullish — the company has […]

Malta Rocks Blockchain Summit

Bank Of America Adds Private Key Storage Filing to Stockpile of Blockchain Patents

Bank of America (BoA) has gained a further cryptocurrency-related patent, a filing confirmed Oct. 30, continuing its efforts to “be prepared” for the industry’s future growth. The latest award, which adds to the bank’s mounting stack of cryptocurrency and blockchain patents, references storage methods for private keys. Specifically, the filing reads, current opportunities for ensuring private keys remain untampered with are insufficient. […]

Malta Rocks Blockchain Summit

Does Bank of America’s Crypto Custody Show Irrelevance of Bitcoin ETFs?

This week, $312 billion Bank of America (BoA) filed a patent to offer crypto custody, targeting large-scale institutional investors and retail traders. Some experts have said that the efforts of major financial institutions to create institutional products around cryptocurrencies will bolster the adoption of crypto in US markets, which will naturally lead to other publicly […]

Sexual Assault Survivor Uses Crypto to Crowdfund Anonymously

Bank of America Applies for Blockchain-Based Encrypted Crypto Storage System Patent

The U.S.’s second-largest bank, Bank of America (BofA), has applied for another blockchain patenton the development of a secure crypto storage system, according to a patent document published by the U.S. Patent and Trademarks Office (USPTO) August 23. The patent, entitled “Block Chain Encryption Tags,” describes a system of recording and storing cryptocurrency-related transactions that […]

Sexual Assault Survivor Uses Crypto to Crowdfund Anonymously

World’s Number Four Telecoms Provider Files Blockchain Contract Storage Patent

By Millenia Miller The world’s fourth-largest telecoms provider, Japan’s Nippon Telegraph and Telephone (NTT), has filed a patent for using blockchain tech for contract agreement, according to a U.S. Trademark and Patent Office (USPTO) release on July 19. NTT’s patent application writes that a problem with contracts on blockchain is that each transactions “contains only the electronic signature of the sender” as […]

7 Early-Stage Recruiting Mistakes I’ll Never Make Again