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Bank of America Patents Blockchain Security Tools

May 23, 2018

Coindesk -------- Bank of America has won a patent for a way to control access to certain aspects of a permissioned blockchain network, newly published documents show. The patent for a somewhat innocuously titled "system for managing security and access to resource sub-components" explains how security tokens (essentially electronic keys, distinct from blockchain-based assets that mimic physical securities) would be used to grant access to certain users to the information contained in a particular block. According to the text, the system would be automated, effectively meaning that the network itself would grant and track access. To learn more click on the picture below to read the article.

 

 

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