IBM Awarded Patent for Secure System Based on Blockchain

[Crypto]

The U.S. Patent and Trademark Office (USPTO) has recently awarded a patent for a blockchain-based secure system to U.S. tech conglomerate IBM, according to a patent filing published on USPTO’s website Tuesday, October 2.

As IMB explains in a document first filed in September 2017, the technology enables the detection of security breaches within a network by connecting all the monitors to a chain configuration, which registers all events in the network. This, in turn, might help to prevent different sorts of hacks.

According to a detailed explanation provided by IBM, a monitor can be easily intruded upon in a regular system as "none of the devices know about each other," and hackers can “clean up” past events to gain control.

However, within a blockchain security system, a hacked monitor can be found immediately, as in such a case synchronised monitors won't have consensus. "If the information received for a specific event or transaction differs, then one monitor may have been compromised," the filing explains.

The use of blockchain technology in monitor systems will therefore help create “a less vulnerable” network and provide more security, IMB states.

Readmore: https://cointelegraph.com/news/ibm-awarded-patent-for-secure-system-based-on-blockchain