NASDAQ wins patent for computer system for securely releasing time-sensitive information using blockchain

Alexander Orlov 

Alexander Orlov

25 August 2019,
09:08
NASDAQ wins patent for computer system for securely releasing time-sensitive information using blockchain

On Tuesday, October 23, Nasdaq anounced a new patent award for  “an information computer system [...] provided for securely releasing time-sensitive information to recipients via a blockchain.”

This technology allows automation and ensures the security of the information release process. As the patent Abstract states:

“An information computer system is provided for securely releasing time-sensitive information to recipients via a blockchain. A submitter submits a document to the system and a blockchain transaction is generated and submitted to the blockchain based on the document (e.g., the document is included as part of the blockchain transaction). An editor may edit the document and an approver may approve the document for release to the recipients. Each modification and/or approval of the document is recorded as a separate transaction on the blockchain where each of the submitter, editor, approver, and recipients interact with the blockchain with corresponding unique digital identifiers - such as private keys.”

 

In June, NASDAQ tried using blockchain proof-of-concept system for securities collateral, and has also filed for other patents linked to the technology.