Capital One Introduces A Blockchain Patent For Content Validation
The United States bank and holding corporation Capital One is in the crypto news today for winning a new blockchain-related patent. This time, the company is incorporating the technology in a content validation system which will be based on blockchain technology. The documents regarding the patent were released by the U.S. Patent and Trademark Office on April 2.
For the ones who don’t know, Capital One last year focused on its intellectual property efforts on blockchain for user authentication. Now, the company wants to use the technology as part of a wider network that would involve content providers.
According to an extract from the document:
“A device may receive first content data from a content provider, the first content data including data identifying content. The device may generate second content data based on the first content data, the second content data including information that causes content validation to be performed on the content.
The device may also provide the second content data to a content validation node, the content validation node being included in a content validation network implementing a blockchain network that includes executable instructions for performing content validation.”
Capital One has been showing its interest in blockchain for a couple of years now. In 2016, the company was looking into how to apply the technology in order to solve payment issues – which was at the time linked to health insurance.
Last year, the vice president of Capital One, Gill Haus, told Forbes about the ongoing bullish mood, stating:
“The benefit that we see with blockchain is that security is inherently built in. You know who is contributing to that blockchain, you have an immutable record, and you can make sure that the system and the protocol assemble easily.”
Blockchain has made something of a comeback this year despite previous concerns that its impact had been overhyped by the industry.