Financial services giant American Express (Amex) has filed a patent for a blockchain-based proof-of-payment system, according to filing published by the U.S. Patent and Trademark Office (USPTO) Thursday, July 12.
The patent’s applicant is listed as American Express Travel Related Services Co., Inc., Amex’s travel arm.
According to the patent filing, the encrypted data could then securely be propagated to a second blockchain node.
“ The patent then outlines various use cases for such a secured system, suggesting hotel reservations, real estate rental, and ticketless access to events and venues.
Back in October 2017, American Express Travel Related Services Co., Inc., filed an earlier patent for a personalized rewards system that would also harness blockchain technology to incentivize its customers.
In a pivotal decision, the United States Patent and Trademark Office (USPTO) has declined the Dogecoin Foundation, Inc. ’s application to trademark a design of a gold circular medallion featuring the iconic Shiba Inu dog and the letter “D”.
Mike Kondoudis, a licensed trademark attorney, has confirmed that the US Patent and Trademark Office (USPTO) officially registered the TD Logo for crypto purposes
On Wednesday, the US Patent and Trademark Office (USPTO) and the US Copyright Office announced a planned joint study of IP address problems as they are related to non-fungible tokens (NFT). This development comes after a request by the US…
Walmart, one of the world’s leading retail giants, may have plans to launch its own fiat-backed stablecoin. This development emerges after the social media giant, Facebook, warned that its cryptocurrency project, Libra, may be put on hold.