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USPTO Reveals Blockchain Patent Applications from Six Tech Giants

Published 08/03/2018, 09:56 AM
Updated 08/03/2018, 11:00 AM
 USPTO Reveals Blockchain Patent Applications from Six Tech Giants
IBM
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GE
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The United States Patent and Trademark Office (USPTO) published on Thursday blockchain-related patent applications submitted by IBM (NYSE:IBM), General Electric (NYSE:GE), Accenture, SAP, Sony, and Hewlett Packard Enterprise Development (HPE). All of the applications were filed last year. Here is a brief overview of the inventions that might become active patents:

  • IBM – the US-based tech giant is seeking to get a patent for its system called “secured event monitoring leveraging blockchain.” The method aims to improve data security in computer systems. According to the description:

“On a computer system or network, data may be monitored for many different purposes. Data monitoring may identify problems, observe conditions or track metrics by logging the events of a given computer system or network. Securing a data log using monitor security protocols may be accomplished with different levels of security, ranging from low security to high security, and have various combinations of hardware and software configurations.”

The problem is that low-security systems might leave the door open for hackers while high-security levels might limit the access to the event logs. Thus, IBM proposes a new system of security configuration that will both protect the monitored system from hacking attacks and will provide access to alter the event logs.

The application was filed on January 27, 2017.

  • General Electric – GE wants approval for its invention called “ephemeral blockchain data structure.” The invention seeks to address the issue of large consum...

This article appeared first on Cryptovest

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