Capital One Acquires Blockchain Patent for Content Validation

Capital One Acquires Blockchain Patent for Content Validation

Capital One, United States bank holding corporation has won its latest blockchain-related patent to incorporate the technology in a content validation system. This is according to documents from the U.S. Patent and Trademark Office.

Capital One, which last year focused its intellectual property efforts on blockchain for user authentication, now wants to use it as part of a wider network involving content providers.

An extract from the patent’s summary reads: “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 interest in blockchain for some years. In 2016, the company looked into how to apply the technology to solve payments issues.

In 2018, Capital One’s senior vice president, retail and direct bank chief information officer, Gill Haus, told Forbes:

“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.”