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With 7,600 Blockchain Patent Applications, Chinese Firms Far Outpace US

Measured by patent applications in the sector, China is handily outpacing other countries including the United States in blockchain technology.On Nov. 20, Japan-based financial newspaper Nikkei reported that Chinese companies submitted around 7,600 applications between 2009 and 2018 — about three times as many as U.S.-based companies.A total of 12,000

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Verizon Awarded Patent for Blockchain-Based Virtual SIM Cards

Leading communications and technology company Verizon has been awarded a patent for using virtual subscriber identity modules (vSIMs) for customers’ devices.A filing with the United States Patent and Trademark Office on Sept. 10 details a blockchain encryption technology, wherein a traditional physical SIM card can be replaced with a

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Samsung Files Patent for ‘Programmable Blockchain Solid State Drive’

South Korean consumer electronics giant Samsung has filed a patent for a blockchain-enabled Solid State Drive (SSD).“Programmable blockchain solid state drive and switch”Local industry news outlet Decenter reported on Sept. 3 that Samsung applied for the “programmable blockchain solid state drive and switch” patent on Jan. 15 and that

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Bank of America Files a Patent for Multi-Tiered Digital Wallet Security

The US Patent and Trademark Office (USPTO) published a new patent application by Bank of America titled “Multi-Tiered Digital Wallet Security,” on August 15. As listed, the new patent’s system was invented by the banking firm’s senior technology manger, Manu Kurian.The patent was initially filed by Bank of America in

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