Another bank is seeking a blockchain-related patent. Credit card issuer Capital One, known for its “What’s in your wallet?” ad campaign, has applied for a patent to develop a blockchain system that authenticates new users in a secure manner.
According to the patent filing, the authentication system will include “[a]t least one processor; and at least one non-transitory memory containing instructions that, when executed by the at least one processor, cause the authentication system to: publish a root system block for a user to a private blockchain.”
Got that? The patent is a continuation of a patent filed in June 2017, according to CCN. Read more here.