Xerox Sees Patent Approval for Blockchain Auditing System to Track Electronic Revisions
Blockchain-Based Auditing System Patent Approved for Xerox
Xerox is known to the world for its printing and digital copying services. However, just like blockchain technology has entranced other industries, it has commanded the attention of Xerox as well. As such, Xerox filed a patent application in August 2017 to engage in the development of a blockchain-powered auditing system that catalogs electronic files.
The United States Patent and Trademark Office (USPTO) decided to award the desired patent to Xerox, based on a publication on November 13th. Within the application, the company described a system that would make it possible to record various revisions on electronic documents.
According to the information available, Xerox notes that there will be multiple blockchain nodes that participate in the approval or dismissal of the chance. It also seems as if the management network will provide alerts for users, whether a node dismisses the document changes, or the content Is changed.
With this technology, Xerox said that audits will be easier to perform for electronic files in multiple industries, like medical and financial records, tax documentation, and educational materials. Specifically, the patent goes into detail about the use of the technology for criminal investigation records.
In 2016, Xerox filed a patent that was much like this one, focusing on blockchain-powered timestamp protocols involving copies, pictures, and similar data. Based on this filing, it seemed that the company wanted to make sure that the marks on the documentation were irrevocable, ensuring that they could be submitted as evidence in court.
Patent applications seem to be rolling in from other technology and electronics companies to use blockchain in various ways. In September, it was reported that IBM had put in more patent applications than any other company at the time, amounting to 90 separate blockchain patents. The most recent application included using the tech for scientific research.