US bank holding company Capital One has filed an application with the US Patent and Trademark Office for a system that uses blockchain technology for user authentication. The patent application, published on Thursday, describes how users would be able to log in using their smartphone or tablet without having to enter any personal information.
US bank holding company Capital One has filed an application with the US Patent and Trademark Office for a system that uses blockchain technology for user authentication. An extension of a 2017 application, the latest document proposed a non-repudiable solution using "multiple blockchain-based member platforms", in which personal data, stored on a blockchain, can be shared on a limited basis to facilitate and speed up the identity authentication process.