Bank of America received its latest blockchain patent in the U.S. for “tamper-responsive” remote storage of private keys.

According to the recently finalized patent, which Bank of America applied for two years ago, the bank wants to offer clients the ability to know in real time when their private keys are being tampered with and to have some method to deal with such events.

The system, a type of virtual safe deposit box, “includes one or more sensors in communication with the first processor,” the filing states. “In such embodiments of the system, the first processor is further configured to, in response to receiving the tamper-related signals from the one or more sensors, delete the one or more private cryptography keys from the first memory.” Read more here.

ThirtyK Staff
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