Accenture Patents Not One But Two Solutions To Make The Blockchain More Interoperable

The global consulting company Accenture has recently patented two solutions that are aimed at improving the interoperability of the blockchain technology, according to the U. S. Patent and Trademark Office, which has published a new report of the companies that want to patent new technologies.

While the first one of these patents was published in August 2018, the second came a month later, on September. The first is basically a method to make cryptologic blockchains more interoperable and let the users share their token data using a digital signature on the distributed ledger.

Another use for this new technology is that the user will be able to send multi-signature certification messages for other people who solicit information about the blockchain and this will be verified using digital signature keys.

The second of the two patents filed by Accenture is related to an interoperability smart contract solution. This solution, the company affirms, will use a pre-commit authorization. With this technology, someone would be able to lock token data on the blockchain as this person awaits confirmation from the receiver before sending the tokens.

Before these two patents, Accenture had filed another one last year. This one would be related to logistics and how to upgrade it. The documentation affirmed that the idea was to create something that would be secure and make the logistics of the blockchain more efficient.

Accenture joined the International Association of Trusted Blockchain Applications (INATBA) last week. The company did it along with other important companies, such as Ripple, IBM, Iota and ConsenSys. The INATBA was formed by the European Union as an organization that will bring the blockchain technology into the mainstream in Europe.

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In related news, IBM was recently granted a patent. The company created a blockchain project which could use this emergent new tech in order to manage data and interactions of self-driving cars.

Thomson Reuters, the media corporation, was also awarded with a patent recently. The company used the blockchain in order to create a blockchain-based ID management platform. This way, someone could use the tech in order to receive an identity validated by a identity provider system.