JPMorgan Chase & Co has filed a new patent for a system that leverages blockchain for the management of virtual receipts backed by assets or bonds, according to a US Patent and Trademark Office (USPTO) patent filing published July 19.
The new patent, titled “Systems and methods for management of asset or obligation-backed virtual receipts on a distributed system,” includes a new form of a public blockchain-based method for the management of virtual receipts, which can take the form of tokens.
The document describes Virtual Depositary Receipts, or “Virtual Receipts,” as “asset or obligation-backed electronic tokens.” The new method would use distributed ledger technology (DLT) such as blockchain for linking “an underlying asset or obligation with its digital representation on a distributed system for the purposes of ownership tracking and transfer”.
Previously, JPMorgan CEO Jamie Dimon had said that cryptocurrencies are “worth nothing,” also calling Bitcoin a bubble that investors “will pay the price for […] one day.” Meanwhile, JPMorgan had already filed a patent this spring for intra- and inter-bank settlements based on blockchain technology, showing their ability to be a strong supporter of blockchain and a strong opponent of the validity and legitimacy of cryptocurrencies at the same time.
В сообществе AI-инфраструктуры заговорили об Arc как об одном из самых недооценённых проектов. Аналитик с ником @crypticd22 считает, что в скором времени Arc сможет достичь оценки, сравнимой с лидерами отрасли — Virtual и ai16z.
Starting this month slightly weak, Virtual located a solid ground level and regained momentum. This brought the bulls back in action and now leads today’s altcoins rally following a 25% gain in the last 24 hours.
The Metaverse broke into the tech scene in 1992 in Neal Stephenson’s Snow Crash – a science fiction novel that featured humans as programmable avatars interacting with one another and with software agents in a virtual space filled with objects and concepts akin to the physical world.
The creators behind ZED RUN launched their first Metaverse title on Monday, featuring fully-customizable user avatars and a 3D world built using the Unreal Engine.
According to the exchange, the meta office will allow users to decorate cyberpunks, interact with virtual furnishings, as well as chat and speak to each other in the virtual environment.
Bitcoin Press Release: Bitcasino has joined forces with crypto charity ‘The Giving Block’ to support a virtual relief benefit concert which is raising funds for those adversely affected by the COVID-19 pandemic.
In October, an early access game called Crypto Crisis was released on the digital distribution platform Steam. The recently launched title rewinds time to the year 2009 and lets players mine coins on a simulation of the Bitcoin network by utilizing historical data from the last decade.
