Bank of America Files Patent for Blockchain-based Processing System

Under the system, a Blockchain can be integrated with communications and memory devices to facilitate the data processing process.

Bank of America has filed a pair of patents for a Blockchain-based system aimed to improve the tracking of file transfer processing in real time. Under the system, a Blockchain can be integrated with communications and memory devices to facilitate the data processing process.

Based on the patent applications as of mid-October 2017, the bank proposes the use of a Blockchain to facilitate the transferring of large volumes of data while simultaneously tracking the data through the use of cryptographic keys during the transfer process…

Read Full: Bank of America Files Patent for Blockchain-based Processing System