Bank of America files patent on blockchain sentry » Brave New Coin

In a US Patent & Trademark Office (USPTO) filing disclosure today entitled “Cryptocurrency Suspicious User Alert System,” Bank of America (BoA) has set out to protect the ability to watch the blockchain for various events, that they call signs of a ‘suspicious transaction,’ and report them to the user and/or administrator as they are discovered.

The 42,000-word patent filing goes into great detail of possible customer transactions, with many variations and permutations, in order to discuss the situations where suspicious activity could be detected, and how they plan to spots such activity with their “validation engine.”

Source: Bank of America files patent on blockchain sentry » Brave New Coin