Financial Services Firm Secures Patent on Storing Meeting Minutes Using Blockchain

Financial services firm Northern Trust won a patent Wednesday for a method of backing up records of meetings using blockchain technology, according to Coindesk. The method utilizes a series of smart contracts to capture data related to the meeting, including records of who is attending, when the meeting took place and where. This is the latest development in what has developed into a race for blockchain-related patents, with companies such as Alphabet Inc., Google and Bank of America trying to secure blockchain patents of their own. Information on the patent can be found here.

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