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Blockchain payments company Rocketfuel Blockchain is suing its co-founder for allegedly misrepresenting patent applications and defrauding the firm. In a complaint filed with the Central District Court of California, Rocketfuel claimed its co-founder and former treasurer Joseph Page hid the fact that patents he transferred to the company had expired. The
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Amazon, a kingmaker of e-commerce and shipping, has patented a distributed ledger-based (DLT) system for proving the authenticity of consumer goods. The U.S. Patent and Trademark Office approved the Seattle tech giant’s nearly three-year-old “Distributed ledger certification” filing on Tuesday. The patent describes using DLT to infuse “digital trust from the
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Tech giant Microsoft has patented a new crypto mining solution that uses human bodily activity data to reward people with digital currency when they perform certain tasks. The firm says the new system aims to reduce computational energy consumed during mining while also making the mining process faster, according to
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In the past month, Chinese payments platform Alipay has disclosed a number of patents relating to and revealing more details of China’s planned central bank digital currency (CBDC), the digital yuan.According to a report in local media outlet Interchain Pulse on March 23, Alipay is set to play an
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Tech giant IBM cemented its patent leadership in the United States, with over 9,000 received patents, including in artificial intelligence (AI) and blockchain, in 2019.With the 9,626 patents secured, IBM became the company that received the most patents in the U.S.ever and the leader on the list for the
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The owners of the Gemini cryptocurrency exchange, the Winklevoss brothers, have won a flurry of U.S. patents for stablecoin technology they say could be issued by commercial banks. Six patents, awarded between August 2019 and January 2020 to Tyler and Cameron Winklevoss' intellectual property company, outline a system, similar to
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Chinese internet giant Alibaba Group has won two U.S. patents designed to make its blockchain network safer and faster. One patent aims to reduce the time to verify block data, while the other is designed to help participants set a validity period for a transaction in a blockchain network. Both of the
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Footwear giant Nike patented shoes that are tokenized as a non-fungible token (NFT) on the Ethereum blockchain, dubbed CryptoKicks.The patent — dated Dec. 10 — describes a digital asset for footwear and ways to use it. One implementation of the technology described in the document is an Ethereum ERC721
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IBM’s solution is to outfit packages with an IoT sensor that only triggers if it detects a change in altitude “exceeding the threshold … expected when the object is lifted away by a drone.” Once it does, the sensor periodically updates the blockchain, and the intended recipient, with the package’s
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Coinbase has patented a system which would automatically identify accounts violating AML rules. Source
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