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Cisco, IBM and Alibaba File for New Blockchain Patents

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Blockchain adoption is picking up considerable momentum.

“Everyone is talking about blockchain, and no one wants to be left behind,” according to PwC’s 2018 Global Survey, which included 600 executives.

Corporate American Filing for Blockchain Patents

Just weeks ago, Mastercard filed a patent titled, “Method and System for Recording Point to Point Transaction Processing” reveals its interest.  For instance, what it wants to do is record “point to point” transactions upon processing.

Walmart has filed for patents for healthcare records, a Bitcoin electrical grid, and even for trackable food with IBM,  as an example.

Cisco and Alibaba Filed for Patents Yesterday

Cisco filed one for Consumption Based Licensing of Network Features on Transactions.  In fact, such a patent would allow the company to track consumption with feature-specific blockchain.  A secure ledger created by blockchain-as-a-service (BaaS) would allow a license policy server to license network features based on consumption.F

For example, it would allow customers to pay for licenses based only on consumption.

In addition, Alibaba Group Holding filed a patent on transaction method and apparatus.  This would involve using a smart contract that would correspond to the designated account upon receiving operating instructions.

IBM filed a new application, too

IBM also filed for a patent on Distributed logging of application events in a blockchain.

For example, this would include monitoring one or more applications to identify application events; identifying one or more of the application events; determining a hash of a log message payload associated with the one or more application events; and logging the hash of the log message payload.

IBM even filed one for the Management of Consumer Debt Collection using Blockchain and Machine Learning.  This would help identify a new event associated with a consumer debtor account.  In fact, it would also help determine whether the new event comprises a status change or debt related change.

And it would create a file update on status change or the debt related change.  Then it would store the file in a blockchain.

 

 

 

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