American Express to use a blockchain database

American Express to patent aspects of a rewards program that might include a blockchain database
27 October 2017   726

A patent application filed by American Express Travel Related Services Co. Inc. was recently published by the United States Patent and Trademark Office. As detailed in the application, the company may use a blockchain database as part of a consumer rewards program.

A patent application by American Express Travel Related Services Co. Inc.
A patent application by American Express Travel Related Services Co. Inc. 

Thus, the innovation revolves around gathering customer data analytics, such as spending trends, which Amex will use to offer incentivized rewards. According to the patent, certain account holders would be eligible for "value added offers" which may involve "virtual currency."

As for the use of a blockchain system, the document implies that the databases that would be utilized to deliver this system might be blockchain-backed.

The blockchain structure may include a distributed database that maintains a growing list of data records. The blockchain may provide enhanced security because each block may hold individual transactions and the results of any blockchain executables. Each block may contain a timestamp and a link to a previous block. Blocks may be linked because each block may include the hash of the prior block in the blockchain. The linked blocks form a chain, with only one successor block allowed to link to one other predecessor block.
 

A patent application
by American Express Travel Related Services Co. Inc.

This move by Amex might be yet another strong signal that major corporations are actively seeking to integrate the technology into their infrastructures for providing goods and services.

Swansea Hosts Blockchain and Distributed Energy Conference

The BEW'18, which will be held on February 19, 2018 in Swansea, UK, is a must-attend for people who are interested in the cutting edge of blockchain
19 February 2018   238

The Blockchain Energy Wales'18 Conference will be held on February 19, 2018 in Swansea, United Kingdom.

The conference will introduce Klenergy and their Pylon Network, which is a decentralised energy exchange platform powered by renewable energy. The BEW'18 is a must-attend for people who are interested in the cutting edge of blockchain, distributed energy, peer2peer and smart technology.

BEW conference location swanseaBEW'18 Exact Location

Location: TechHub Swansea, 221 Stryd Fawr, Swansea SA1 1NW, UK
Time: from 9AM to 1.30PM

The headline speakers include Paul Harwood, Basicincome supporter and advocate, and David Clubb, director of RUKCymru and head of digital RenewableUK.

The agenda of the conference is as follows: Blockchain technology and its application in the energy sector, future of blockchain wallet systems, buildings as power stations, building the open-source co-operation protocol for the energy sector, and more.