Apple patent filing hints at Blockchain use

“Apple has recently submitted a new patent application that uses Blockchain within a prospective system for creating and verifying timestamps,” Joshua Althauser reports for The Coin Telegraph. “Based on the public application to US Patent and Trademark Office on Thursday where Blockchain technology was used to certify timestamps as a program combined with Public Key Infrastructure (PKI) tools.”

“Like other established institutions, Apple believes in the power of Blockchain technology and its benefits,” Althauser writes. “Apple has seen the benefits of how the transactions are verified and approved by consensus among participants in the network, making fraud more difficult. The technology operates on a distributed rather than centralized platform, with each participant having access to exactly the same ledger records, allowing participants to enter or leave at will and providing resilience against attacks.”

Read more in the full article here.

MacDailyNews Take: This patent application sounds like something that might interest OriginStamp.

[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]

1 Comment

  1. Blockchain = The meme word of the month.

    So what is it?

    It’s a data security term, process and method.

    …is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a hash pointer as a link to a previous block, a timestamp and transaction data. By design, blockchains are inherently resistant to modification of the data.

    It’s all the rage specifically because we humans are generally not technically oriented and don’t understand the importance of data backups, let alone how to keep our data secure. IOW: Wetware are a problem.

    Therefore, concepts like blockchaining are coming to the fore as quick-and-hopefully-easy methods of keeping data safe in a world of technology illiterates and technology maven hackers.

    It is one method of data security. There are and will be plenty of others…

    Save us from ourselves.

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