The Winklevoss Brothers Only Won a Crypto Patent
The Winklevoss Brothers Just Won a Crypto Patent
This system employs a mix of techniques that are common, including hash functions and digital signatures. Statistics contained in the application explain the system is intended to offer security in a cloud-based digital asset exchange.
Since CoinDesk has previously reported, the speed of blockchain and cryptocurrency-related patent filings has risen in recent months. One recent patent, awarded to a firm belonging to automaker Ford, proposed that the firm is considering utilizing the technology to ease car-to-car transactions.
And while it does not spell it out right, the patent’s language suggests that the proposed system may be used within Gemini’s infrastructure.
“The current invention is an improvement to pc security technologies. Computer systems to date have been vulnerable to assault, if the introduction of malicious code or the unauthorized access of data, over outside data connections, such as the Internet,” the application explains, including:
Lock image via Shutterstock.
It describes a “system, method, and program product for processing secure transactions within a cloud computing platform,” using Andrew Laucius, Cem Paya and Eric Winer called as inventors (neither of the Winklevosses is included among the listing).
Released at Wed, 11 Apr 2018 22:00:59 +0000
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Winklevoss IP, LLC, the legal entity that regulates the patent, retains a number of five and trademarks patents, including this most recent one.
A firm owned by Cameron and Tyler Winklevoss, founders of the Gemini cryptocurrency exchange, has been granted a patent for a system that works to improve the security of digital trades.
“As computing systems increasingly go to distributed computing architectures, for example cloud computing, outside data connections are often necessary to the performance of the computing platform.”