posted almost 2 years ago Bank of America has won a "security and data privacy patent" according to the US Patent and Trademark Office, for a way to control access to certain aspects of a permissioned blockchain network. The bank explained: "A need exists to provide designated entities/users the ability to readily identify blocks that are relevant to the designated users' concern, and once blocks have been identified, security features that assure that the designated entities/user that are accessing the blocks are, in fact, authorized users." Tags: blockchain, news
Bank of America has been awarded a data and security patent for controlling access to elements of a permissioned blockchain network. The patent, which was granted in May 2017, covers the use of “smart contracts” that can be used by banks or other organizations to manage their own networks without having to rely on third-party providers