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Overstock: tZERO receives Patent for Blockchain-watermark

the Overstock-daughter tZERO wants to combine traditional and crypto-Trading with each other. The US patent office has issued tZERO a Patent for the authentica

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Overstock: tZERO receives Patent for Blockchain-watermark
the Overstock-daughter tZERO wants to combine traditional and crypto-Trading with each other. The US patent office has issued tZERO a Patent for the authentication of video by watermark.

By Christopher clover
11. January 2019TeilenFacebookTwitterLinkedInxingemail

Overstock increasingly serious with the project, to put in this year on the Blockchain. The Overstock-daughter of the Medici Ventures is a venture capital firm that invests exclusively in the Blockchain projects. Among the most important representatives of the tZERO, a Trading platform, with a focus on Security Token.

According to the US patent office USPTO tZERO on 8 has. January tZERO by the authority for a Patent for the authentication of video by means of digital "watermark". A request has been made tZERO in October 2018. The Blockchain technology plays in the creation of this water sign will have a crucial role. So it means, for example, in an extract of the USPTO notice:

"a block chain-based methods and systems for watermark award to digital content [...], where the watermark includes at least a Hash based on one or more data blocks that are stored in the [...] distributed Ledger."

What at first purports to be a Patent for a Content Producer or video platforms, à la YouTube, results for Trading platform of sense – at least on the second glance. TZERO referred to on the own Homepage dedicated as a platform to increase the

"cryptographically secure distributed Ledger with existing market processes, in order to reduce processing time and costs, transparency, efficiency and auditability."

While in the document at any point of the application, in the Trading context of the speech; but the Patent for Know-Your-Customer could be the planned procedure. Specifically, it might be about the identity proof via Video.

First application: Tokenization of precious metals

tZERO can, however, claim a first Use Case for the fusion of the traditional and crypto-Trading. It comes to trading with tokenized rare earths and precious metals. On behalf of one of its investors, the Chinese investment company GSC Capital works tZERO currently on a Smart Contract tokens, with the rare earth Cobalt can be traded.

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