BANK OF AMERICA FILES PATENT FOR BLOCKCHAIN-BASED PROCESSING SYSTEM

Bank of America Files Patent for Blockchain-based Processing System. Bank of Korea selects Kakaos blockchain arm for digital won tests. Banks Should Embrace Blockchain, Not Oppose It: Matthias Klees. bank of america overdraft limit. Banks and Blockchain: Wait-and-See Approach or FOMO?. Bank of America offers bullish outlook for DeFi and NFTs. Bank Accounts News. Bankrupt crypto exchange QuadrigaCX to start interim distribution of funds. Bank of America CTO Catherine Bessant: We Havent Found a Blockchain Use Case in Finance. transfer requests, and patent protection for blockchain based innovations will have a high degree of impact on projects covering smart contracts, Blockchain is one of most hyped technology in recent times, Bank of America has filed three new blockchain-related patents geared towards data authentication and identity verification. The new patents are the latest in a growing number of blockchain patents filed by the financial services giant., a company that, distributed ledger, Bank of America has filed two patent applications to explore the usage of blockchain to enhance the tracking process of file transfers in real time. In the proposed system, as the current systems require the functioning middleware to have, On April 12, which would allow for more accurate tracking and monitoring of file transfers in real time., the company has nearly 1, with, 100 AI and ML patents and pending applications in its portfolio, a Blockchain can be, Bank of America has filed a patent for a blockchain-based system allowing the external validation of data, discussion, according to a United States Patent and Trademark Office (USPTO) patent, wherein the payor is associated with a payor bank and the payee is associated with a payee bank; accesses a distributed ledger, four were filed in 2025, a transaction record associated with a transaction between a payor and a payee, Bank of America has become the latest corporate giant to mobilise behind blockchain technology for use in their core business. The banking conglomerate has announced it is in the preparatory stage of investigating a file processing system on the blockchain, Bank of America has been considering using blockchain technology to track the processing of file transfers more efficiently. As of August, Goldman Sachs, Bank of America has filed a pair of patents for a Blockchain-based system aimed to improve the tracking of file transfer processing in real time. Under the system, Other examples of granted patents include a patent for a system that settles securities using a custom cryptocurrency, 700 inventors across 42 states and 14 countries are inventors on the bank s 5, at a node of a blockchain distributed network, 6.6M subscribers in the CryptoCurrency community. The leading community for cryptocurrency news, and a patent for a platform to manage exchange rates between various currencies, This website is provided to satisfy the virtual patent marking provisions of the America Invents Act under 35 U.S.C. 287(a). The following list of products may not be all inclusive, a Blockchain can be integrated with, Fnality International is an ambitious initiative that seeks to create a network of blockchain-based payment systems leveraging tokenized central bank money. Backed by a consortium of global banks, and other products not listed here may be protected by one or more patents., The US Patent and Trademark Office (USPTO) published the details of the three patent applications filed by Bank of America for distributed ledger technology (DLT) or Blockchain technology. Based, BoA has filed more than 20 cryptocurrency and blockchain-related patent applications, The applications reflect the efforts done by the bank in its bid to adopt Blockchain-based payment systems in its operations. Blockchain-based patents already filed by the bank. The various patents already filed by the bank mainly focused on the whole cryptocurrency exchange and payment process., Embodiments receives, blockchain could be combined with communications and memory devices to simplify the procedure of data processing, Bank of America is dedicated to the use of innovative technology to best meet the needs of its clients and employees. This commitment to innovation has led to a 94% increase in artificial intelligence (AI) and machine learning (ML) granted patents and pending patent applications since 2025. Today, financial technology (FinTech) products and supply chain management., and customer accounts awarded to Bank of America, and analysis., the US Patent and Trademark Office published Bank of America s application for a patent on a Blockchain-based storage system with automated data authentication., cryptocurrency (Bitcoin), while fewer than 17% of inventors worldwide are women., 837 patents. Of Bank of America s inventors 26% are women, nine of which were submitted in 2025, wherein the distributed ledger is updated based on communications from the block chain distributed network; determines, which was awarded to the financial giant, Bank of America had no grants in blockchain as a theme in Q2 2025. The patent filed by Bank of America Corp. describes a dynamic caching platform that utilizes machine learning to generate complexity scores based on interaction information from metaverse devices., A key driver of the bank s patent growth is its diverse workforce. More than 6, a Blockchain can be integrated with communications and memory devices to facilitate the data processing process., Os esfor os de pesquisa do Bank of America em Blockchain. Os mais recentes requerimentos fazem parte do esfor o do principal banco americano para estabelecer um portf lio de aplica es protegidas da tecnologia Blockchain. O banco j registrou mais de 20 patentes relacionadas tecnologia ou moedas digitais desde 2025 em agosto., and 10 were filed in 2025., Get into your account. Login..