According to documents that were published by the U.S. Patent and Trademark Office (USPTO) a few days ago, show that the cybersecurity company Forcepoint has been awarded a blockchain-related patent. The firm is owned by the U.S. defense contractor Raytheon.
Forcepoint Granted Blockchain Patent
According to the private equity firm Vista Equity Partners and Crunchbase, the firm has a yearly revenue of $600 million. According to a recent report released by Cointelegraph, the system in the patent seems to be a complex user behavior monitoring and management system.
With this system, it would be possible to store data about user interactions and use the data to identify different user actions that would provide data to enhance the system’s cybersecurity.
The patent reads as follow:
“In certain embodiments, the association of the additional context may be accomplished via a blockchain block within a user behaviour profile blockchain […] implemented with appropriate time stamping to allow for versioning over time.”
Data from users will be stored on the blockchain directly, which is one of the main uses of distributed ledger technology (DLT). There are many other companies working with blockchain technology such as Accenture and Microsoft.
Currently, China is the country with the largest number of blockchain patents around the world. Xi Jinping, the president of China, has supported and backed blockchain technology in the past. In the future, it is expected for the country to keep investing in new technologies to remain as a market leader.