The U.S. Patent and Trademark Office has awarded Xerox a patent for a blockchain-driven auditing system for electronic files, according to a patent filing published Nov. 13.Xerox - known for its eponymous printing and digital copying appliances - first filed the patent in August 2017.
The patent describes a blockchain-based system for the secure recording of revisions made to electronic documents.
The technology offered by Xerox can supposedly detect whether a file has been altered and tracks the history of changes made.
Owing to the decentralized verification mechanism, the system thus becomes resistant to tampering, the filing states.
Explaining the technology behind the patent, Xerox describes a series of blockchain nodes that may approve or dismiss each amendment made.
Xerox believes that the newly patented technology can be used to audit electronic files in many areas, such as medical and financial records, tax papers, and educational documents.
The filing specifically mentions criminal investigation records, such as interview notes, crime scene photos and DNA test results that must be protected from alterations and tampering.
Major tech and electronics companies have filed a slew of patent applications for various proprietary iterations and applications of blockchain technology.
A September report stated that IBM had filed more blockchain-related patent applications than any other company at the time of publication.
IBM has filed over 90 blockchain patents, the most recent of which aims to use blockchain technology to aid scientific research and provide a record of its results.
Xerox Wins Patent for Blockchain System That Tracks Revisions to Electronic Documents
gepubliceerd op Nov 14, 2018
by Cointele | gepubliceerd op Coinage
Coinage
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.