Bank of America Files Patent "Blockchain Encryption" for Crypto

[Goodcat49]

Bank of America (BoA), a big US-based banking institution, has filed a patent for a mega system created to give a more secure means for keeping Crypto.

The patent, dubbed "Blockchain Encryption Tags," is so far the second patent related to crypto custodian control which BoA has filed, this one detailing a system that offers crypto storage for large-scale enterprise.

This is in addition to another similar crypto patent application that was filed in 2014, lending some credence to the idea that the BoA is considering making a move into crypto, although in a limited capacity at this time.

BoA to Create a More Effective Digital Vault Storage System
More details surrounding this patent, involve the use of a computing device to manage Blockchain encryption tags, building upon the earlier patent by BoA to develop a digital vault storage system for an efficient, large-scale and institutional crypto usage.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/bank-of-america-files-patent-blockchain-encryption-for-crypto/

[Cheratu Mesir]

America is one of the countries that have legalized cryptocurrency, so it is only natural that Bank of America tries to make a new breakthrough in the banking system and provides ease of transactions for people. I think this Effective Digital Vault Storage System will be replicated by many countries if there is rapid progress that has an impact on a centralized system.