Winklevoss Twins patent Cloud-Based Security System

in #bitcoin7 years ago

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According to the United States Patent office, On April 10, 2018 Winklevoss IP, LLC registered a patent to make crypto transactions more secure. According to the patent office it’s a “System, method, and program product for processing secure transactions within a cloud computing system” and was filed before the United States Patent and Trademark Office (USPTO) on November 20, 2017.

Link to patent below:
http://pdfpiw.uspto.gov/.piw?docid=09942231&SectionNum=1&IDKey=6FC54FFF9D85&HomeUrl=http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2%2526Sect2=HITOFF%2526u=%25252Fnetahtml%25252FPTO%25252Fsearch-adv.htm%2526r=1%2526p=1%2526f=G%2526l=50%2526d=PTXT%2526S1=9,942,231.PN.%2526OS=pn/9,942,231%2526RS=PN/9,942,231

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It is believed that the technology is based on centralized information management, and that it will be used on the twins Exchange “Gemini”, but that was not mentioned in the document.
One of the one things that people fear when getting involved in crypto is losing everything because of a hack. This looks to be a way to help ease the minds of investors in Gemini by knowing that their trades will be protected by one of the safest exchanges in the world, once fully implemented.

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