Blockchain Patent For Global Supply Chain Filed By UPS

Blockchain, News | August 20, 2018 By:

Shipping giant UPS is planning to use blockchain and distributed ledger technology to streamline package delivery logistics across a global supply chain.

In a new patent published by the US Patent & Trademark Office (USPTO) last week, the shipping giant details how the company would use blockchain to route packages throughout an international supply chain that includes multiple carriers.


Blockchain Patent For Crypto-Powered Electrical Grid Awarded To Walmart

News | June 15, 2018 By:

Retail giant Walmart has won a patent for an electrical grid that will be powered by bitcoin or other digital currency.

The patent, which was awarded by the US Patent and Trademark Office (USPTO) earlier this week, is for a system designed to help companies better manage energy consumption and regulate demand on an electrical grid using blockchain or another type of distributed ledger.


JPMorgan Files Patent For Blockchain Cross-Border Payment Network

Blockchain, News | May 4, 2018 By:

JPMorgan Chase has applied for a patent to use blockchain technology for the reconciliation and facilitation of financial transactions between banks.

In a patent application published by the US Patent and Trademark Office on Thursday, JPMorgan is seeking to use distributed ledgers to keep track of payments that are sent between banks using a peer-to-peer (P2P) network.


Singapore To Speed Up Blockchain Patent Processing

Announcements, Blockchain, News | April 27, 2018 By:

The Intellectual Property Office of Singapore (IPOS) has announced a new initiative that will speed up the patent application-to-grant process for FinTech inventions such as blockchain-based payments.

The initiative, called Fintech Fast Track, was launched to support the growth of Singapore’s FinTech sector and help businesses bring their FinTech innovations to the market more rapidly.