Bank of America Envisions Blockchain As Internal Ledger.
Bank of America may be looking into replacingsome of its existing data sharing systems with a blockchain, according to a patent application released Thursday.
The filing, published by the U.S. Patent and Trademark Office (USPTO), outlines a permissioned blockchain which, if implemented, would securely record and authenticate personal and business data, ensuring only authorized parties can access it. Further, the system would keep a log of everyone who accesses the data, according to the application.