Bank of America Seeks Patent Protection for Blockchain Processing System

New Bank of America patent filings hint it believes blockchain could one day assist its high-volume data processing objectives.

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…

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