HomeMarketPatent Reveals Nasdaq Planning Blockchain-Powered Data System

Patent Reveals Nasdaq Planning Blockchain-Powered Data System


Exchange operator Nasdaq is seeking to patent a system for securely distributing time-sensitive information via a blockchain.

The U.S. Patent and Trademark Office (USPTO) released the patent application – entitled “Systems and Methods for Securing and Disseminating Time Sensitive Information Using a Blockchain” – on August 3, though it was initially submitted in late January of this year.

Overall, the document details how the system, by way of running on a distributed platform, enables information to be transmitted and timestamped, in a way that’s reminiscent of bitcoin transactions on the blockchain.

According to the application, the system would enable a user to submit a time-sensitive document to an authority, who, after making edits, could share it with a third party for approval.

Each modification would be recorded and updated on a distributed ledger, in a bid to ensure transparency and prevent any alteration of that data. The system would also incorporate cryptography by giving each participant a public identifier and a corresponding private key.

As such, the patent represents the latest effort by Nasdaq to secure rights related to its work with blockchain and cryptocurrencies.

Last October, the USPTO published a patent application from Nasdaq detailing a plan to create blockchain “backups” for exchanges, that would create an auxiliary record of transactions in the event of an emergency.


Cyprus registers Binance as a cryptocurrency service provider.

Binance, a cryptocurrency exchange, will be able to provide services for virtual currencies in Cyprus as a result of the platform's recent registration with the...

More than 24,000 ATMs in Brazil will offer USDT through Tether and Smartpay.

Usdt, the largest dollar-pegged stablecoin on the market, was created by Tether, a company. Tether recently announced that more than 24,000 ATMs in Brazil will...

To solve the blockchain modularity issue, Celestia raises $55 million.

The project Celestia, which seeks to address the alleged centralization issue in the current monolithic blockchains, has announced the completion of its most recent funding...

Hong Kong considers removing the “Professional Investor-Only Requirement” and allowing retail investors to trade cryptocurrency.

Securities and Futures Commission (SFC) of Hong Kong's director of licensing and head of the fintech division both confirmed that the regulator is taking into...

Follow us


Most Popular