Capital One presents blockchain patent for content validation

3 min read

Banking company Capital One in the United States has won its latest blockchain-related patent, this time with the integration of technology into a content validation system. U.S. documents Patent and Trademark Office released the patent on April 2.

Capital One, which focused its intellectual property efforts last year on blockchain for user authentication, now wants to use it as part of a wider network of content providers.

"A device can receive first content data from a content provider, the first content data including data identifying the content," reads an extract from the summary of the patent. The summary continues:

"The device can generate second content data based on the first content data, the second content data including information that causes content validation on the content.

The device can also deliver the second content data to a content confirmation node, the content confirmation node being included in a content confirmation network that implements a blockchain network that contains executable instructions for performing content validation. "

Capital One has shown interest in blockchain for several years. In 2016, the company was already applying the technology to solve payment problems, at the moment that this is related to health insurance.

Last year Gill Haus, Capital One & # 39; s Senior Vice President, retail and Direct Bank Chief Information Officer, told Forbes about the ongoing bullish mood.

"The advantage we see with blockchain is that security is inherently built in," he said. Haus continued:

"You know who contributes to that blockchain, you have an unchanging record and you can ensure that the system and the protocol come together easily."

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

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Written by

Don Bradman

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