Accenture to File New Blockchain Patent

Technology, developed by the team, seeks to improve blockchain's security and stability
08 August 2018   326

Accenture, which works in the field of consulting and professional services, filed a patent application describing the technology of "Hardware blockchain accleration", designed to accelerate and improve the security of transactions in the blockchain using patented equipment. This is reported by CCN.

According to Accenture, this technology is necessary in connection with the new security threats that have emerged due to the rapid development of communication and electronic technologies. The patent application states that this technology provides safe and efficient execution of complex transactions not only between software processes and hardware systems, but also between people.

Accenture says its invention improves the security and scalability of the blockchain due to the fact that the encryption and decryption of data is carried out not only in hardware but also programmatically, so that the technology is not limited to either way.

As a result, the implementation shown … has increased security and scalability as compared to, for example, software only based security systems. For example, all or parts of the implementations may be circuitry that includes an instruction processor, such as a Central Processing Unit (CPU), microcontroller, or a microprocessor; or as an Application Specific Integrated Circuit (ASIC), Programmable Logic Device (PLD), or Field Programmable Gate Array (FPGA); or as circuitry that includes discrete logic or other circuit components, including analog circuit components, digital circuit components or both; or any combination thereof.

Accenture Patent Application

Instructions for performing tasks can be stored on various media, including flash memory, magnetic and optical disks like hard disks, CD-ROMs, as well as EPROM, ROM and RAM.

Earlier, the company developed a blocking prototype, which allows administrators to edit, rewrite and even delete blocks from closed blockchains. Then one of the leaders of Accenture, Richard Lamb, said that the absolute immutability of the block could not suit financial institutions like banks.

Ten New Members to Join Hyperledger

Among the new participants of Hyperledger there are Coil, ChainDigit, Chainyard, DigiCert, Kiva and UTRUST
02 August 2018   396

The Hyperledger consortium was replenished with nine new participants, among them the IT services provider LG CNS, startup Omnitude, and the Tierion data verification platform. To date, the organization includes more than 250 companies.

Among the new participants of Hyperledger there are Coil, ChainDigit, Chainyard, DigiCert, Kiva and UTRUST.

While July is traditionally a quiet month, we’ve been quite busy hitting some key community and technology milestones. Heading into the second half of the year, we are focused on continuing our growth and advancing our open source, multiple framework approach to meet the increasingly diverse applications for blockchain technology. As we plan for the Hyperledger Global Forum, we will be calling on these new members and the entire ecosystem to keep driving the vision and technology forward to scale to meet the global demand for blockchain-powered businesses.

Brian Behlendorf

Hyperledger, Executive Director

Also in late July, the release of a new whitepaper of consortium took place. As the developers stated, the document contains "five exciting applications of blockage in various areas," and a description of tools with open source.

Recently, Google Corp. said that this year Google Cloud Product integrates open source software for applications based on the Hyperledger Fabric and Ethereum blockchain platforms.