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Tag: System

Crypto to Get Regulatory Certainty in South Africa in Payment System Review

Authorities in South Africa are seeking comments on proposed policy changes that could, among other things, offer cryptocurrencies regulatory certainty. Per the South African Reserve Bank (SARB) and the National Treasury, an overhaul of the national payment system (NPS), a set of infrastructures and arrangements which allow the transfer of funds between individuals and entities,…

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Square Open-Sources Bitcoin Cold Storage System

Square, the digital payments giant that last year rolled out bitcoin trading through Cash App, its peer-to-peer mobile finance service, has open-sourced the system that the firm uses to manage cold storage for these cryptocurrency assets. Announced in a blog post penned by Square security engineer Alok Menghrajani, the company said that it chose to…

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In a First, Japanese City Deploys Online Blockchain Voting System

The government of the Japanese city of Tsukuba has introduced an online voting system, powered by blockchain, to enable residents to vote for social development programs. The first-of-its-kind digital vote in Japan, Tsukuba will use Japan’s “My Number” system – a 12-digit social security identifier afforded to all Japanese residents – to verify voters’ credentials…

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EOS Surges 55 Percent on Referendum System Announcement

The EOS value today surged by more than 21 percent as a result of its decision to launch a voting system, totaling the token’s 7-day gains to almost 55 percent. The EOS/USD was trading near 5.3727-fiat at the beginning of the Asian trading session. Helped by the prevailing bullish sentiment in its own – and…

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Bank of America Wants to Patent a Cryptocurrency Storage System

Bank of America, the second-largest banking institution in the United States, has filed another patent application for a system that manages cryptocurrency storage in an enterprise environment. Public documents published on Thursday by the U.S. Patent & Trademark Office (USPTO) show that the Charlotte, NC-based firm has furthered its research into securing private keys in…

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Coinbase FIles Patent for Direct Bitcoin Payments System

Crypto exchange Coinbase recently filed for a patent detailing a new system to enable online users to make Bitcoin payments more securely. The patent, filed on August 14, will allow users to make payments directly from their Bitcoin wallet. The patent cites the issue of customers being required to compromise on the security of their…

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IBM Files Patent for a Blockchain Database Management System

Industry giant and proactive decentralized tech mover IBM has filed a patent for certain aspects of blockchain technology, a newly published document revealed. The patent for “Managing a Database Management System using a Blockchain Database” explains the IBM’s intention to build a reliable database tampering detection system (IDT-DS). The proposed system would detect inconsistencies in a set…

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American Express is Eyeing Blockchain for a Proof-of-Payments System

Credit card giant American Express has filed a patent application for blockchain-based proof-of-payment technology. American Express isn’t an institution unfamiliar with blockchain. Throughout the past few months, we’ve seen the financial services company support the blockchain very publicly. Just recently, the company deployed Hyperledger’s blockchain technology to upgrade its Membership Rewards program, becoming the first…

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