Consortium startup R3 has filed two patent applications detailing its work on applying distributed ledger tech to “dynamic” agreements between financial institutions.
The two applications – submitted last year and published by the the U.S. Patent and Trademark Office on Oct. 19 – detail the use of a system for tracking, maintaining and updating agreements via a shared ledger.
Using the system, only authorized parties can make changes to those agreements – provided the other involved parties sign off on them – while the platform’s underlying tech records and maintains the status of those agreements…
Read Full: R3 Files DLT Patents for ‘Dynamic’ Record-Keeping System – CoinDesk
