Bank of America Reveals New Blockchain Patent Targeting Cash Handling

7 Legal Questions That Will Define Blockchain in 2019
January 3, 2019

Amilcar Chavarria

An automation use case by Bank of America, a top holder of Blockchain IP with “over 50 patents accumulated in the last two years” per the article. Here they reveal a new blockchain patent targeting cash handling operations inside banks. A cumbersome and costly process. A consistent point is that topics like cryptocurrency benefits in payments and the value of bitcoin can be polarizing, but support for the viabity and expected impact from Blockchain / DLT is almost universal across governments and industries. blockchain financialinnovation


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