Simplifying transactions with blockchain – IBM Patent 9824031

Businesses conduct a variety of transactions, such as selling products, paying vendors, and trading stocks. But whatever the transaction, when different parties are doing business together, it can get complicated. If companies don’t have a trusted relationship in place they require a third-party clearing house to execute transactions. Patent 9824031 uses Blockchain technology to help make every single transaction as smooth and secure as possible. Rather than use a third-party clearing house, companies can act as an intermediary to facilitate the transaction efficiently and securely. Blockchain is enabling transactions that are immutable and transparent.

This is just one of the record-breaking 9,000+ patents IBM received in 2017. Explore more patents->

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March 1, 2018 at 12:23AM