Think cryptocurrency is a fad? Bank of America disagrees with you.
When large multi-billion dollars companies start investing, it’s officially a trend.
According to recent patent filings, large banks keep developing blockchain-based systems. This trend has been quietly gaining momentum since 2013, as our Cryptocurrency Packaged Sectors has been monitoring these developments weekly.
Here’s just a large company filings in the Cryptocurrency sectors from just from the past week:
Bank of America is providing information security for a blockchain, including encrypting and linking data elements within blocks of a blockchain.
https://sectors.patentforecast.com/patent/20180240112
Accenture is actively developing various blockchain-related technologies, including sharing 3D print models on a blockchain and hardware acceleration for blockchain record entry.
https://sectors.patentforecast.com/patent/10063529
https://sectors.patentforecast.com/patent/20180241573
The Bank of New York Mellon is developing a distributed blockchain network that generates and transmits blocks of encrypted transaction records such that only select encrypted transaction records can be decrypted and viewed by a member of the block chain network.
https://sectors.patentforecast.com/patent/10063379
Here’s a screenshot from our interactive Patent Forecast (included with our Packaged Sectors) that shows Bank of America’s filings
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