Capital One applies to the patent of the collaborative authentication system based on Blockchain


The holding company of an American bank, Capital One, has filed a patent application for the implementation of blockchain technology in user authentication, according to a deposit published by the USPU (US Patent and Trademark Office) August 16th.

According to the document, the investigation is the continuation of a patent application submitted by Capital One to the USPTO in June 2017. The proposed system is designed to receive, store, record and retrieve authentication information. for a user in multiple blockchain-based member platforms.

The filing says that the registration of users' personal data in blockchain can "allow members of the authentication system to retrieve user identification data from a database using authentication information". The document provides a case example of the system for "authentication in the context of a business process subject to legal or regulatory requirements, such as the" Know Your Customer "requirements.

The patent also explains that these types of authentication "can impose time and resources on institutions", adding:

"Users can resent responding to repeated authentication requests as they navigate between computer systems associated with different institutions. Institutions and users can then take advantage of a collaborative authentication system that manages authentication interactions for multiple institutions. "

For the document, the proposed system would be non-repossible in order to prevent users or institutions" to challenge authentication records as fakes later "" Furthermore, the system will limit the sharing of personal information between users and institutions .

In 2016, Capital One worked with the sister company of LA, Gem, in order to solve the problem of the long-awaited health service providers paid by insurance companies. Capital One said that "blockchain technology links the ecosystem to the universal infrastructure and the shared infrastructure allows global standards that do not compromise privacy and security."

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