IBM technology giant requested a blockchain patent for the development of node-based transaction data identifiers, according to a patent document published by the US Patent and Trademarks Office on August 16th.
The system described in the patent, entitled "Block-node characterization", intends to introduce a method of extracting data from nodes on a blockchain network in order to identify different types of transactions. Specifically, any operation on blockchain can possess a node or number of nodes that can bring useful information about the character of the transactions.
According to the document, the specification described extracts a range of characterization types such as "extraction entities, text mining, analysis and discovery of information, compliance, semantic extraction and discovery of entities based on ontologies." of data would allow regulatory authorities to adequately monitor data security on the blockchain.
For example, the system proposes an anti-money laundering (AML) method by detecting whether a node carries out a suspicious activity on blockchain while proceeding with a cryptographic transaction, such as violating the daily transfer limits or involving a transaction. traced entity.
The described system is distributed with modules that can be implemented as programmable hardware devices such as gate array, array logic or graphics processing
Previously, Cointelegraph reported that the US bank holding Capital One has applied for a patent for the Blockchain-based user authentication to assist the regulatory process of key security requirements such as Know Your Client (KYC).
On August 14, a patent application was released from the main Crypto cryptography platform and US portfolio to increase the security of Bitcoin payments (BTC), in particular addressing the problems associated with the theft of private keys of users from their portfolios.