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U.S Bank Capital One Presents Blockchain Patent for Content Validation

The United States bank holding corporation Capital One has won its latest blockchain-related patent, this point incorporating the technology during a content validation system. Documents from the U.S. Patent and Trademark Office released the patent on April 2.

Capital One, that last year centered its intellectual property efforts on blockchain for user authentication, currently needs to use it as a part of a wider network involving content suppliers.

“A device could receive initial content knowledge from a content supplier, the first content data including data identifying content,” an extract from the patent’s summary reads. The summary continues:

“The device may generate second content data based on the first content data, the second content data including information that causes content validation to be performed on the content.

The device may also provide the second content data to a content validation node, the content validation node being included in a content validation network implementing a blockchain network that includes executable instructions for performing content validation.”

Capital One has shown interest in blockchain for many years. In 2016, the corporate was already looking into a way to apply the technology to solve payments problems, at the time joined to health insurance.

Last year, Gill Haus, Capital One’s senior vice president, retail and direct bank chief data officer, told Forbes about the ongoing bullish mood.

“The benefit that we see with blockchain is that security is inherently built in,” he said. Haus continued:

“You know who is contributing to that blockchain, you have an immutable record, and you can make sure that the system and the protocol assemble easily.”

Within the banking sector more broadly, blockchain has also made something of a comeback this year, despite previous concerns its impact had been overhyped by the industry.

About Steve Anderrson

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

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