Accenture to File New Blockchain Patent

Technology, developed by the team, seeks to improve blockchain's security and stability
08 August 2018   495

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.

Deutsche Telekom, Citi & We.Trade to Join Hyperledger

Guangzhishu Technology, Alibaba Cloud, KEB Hana Bank, HealthVerity, MediConCen have also joined blockchain organization
13 December 2018   121

Sixteen new members added to the blockchain consortium Hyperledger, including the cloud computing division of Chinese giant Alibaba, the banking conglomerate Citigroup and its venture branch, and telecommunications solutions provider Deutsche Telekom. This is stated in the official press release.

Guangzhishu Technology, Guangzhou Technology Innovation Space Information Technology, KEB Hana Bank, HealthVerity, MediConCen, Techrock, Xooa, BlockDao and We.Trade have also joined the new participants in the consortium.

We are starting Global Forum off with a bang with this impressive line-up of new members. The growing Hyperledger community reflects the increasing importance of open source efforts to build enterprise blockchain technologies across industries and markets. The latest members showcase the widening interest in and impact of DLT and Hyperledger.
 

Brian Behlendorf

Executive Director, Hyperledger

Earlier, Hyperledger announced a strategic partnership with Enterprise Ethereum Alliance with the goal of creating unified standards.