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 June 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.
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.