UBS Files Patent For Blockchain Validation

In a recently released patent office filing, UBS, the 935 bln CHF Swiss banking giant, has sought approval for a Blockchain technology-based validation platform for users. The patent indicates that UBS is pursuing Blockchain technology as a solution for client IP and user validation.

The filing itself has been made back on May 24, 2016, but the patent has only been released recently. The Blockchain platform UBS envisions would be used to store records of all activities of the company on the Blockchain.