Nasdaq Files Blockchain Patent – Systems And Methods Of Blockchain Transaction Recordation

Nasdaq Files Blockchain Patent – Systems And Methods Of Blockchain Transaction Recordation
ADVERTISEMENTSNasdaq Files Blockchain Patent – Systems And Methods Of Blockchain Transaction Recordation
Nasdaq Files Blockchain Patent – Systems And Methods Of Blockchain Transaction Recordation
Nasdaq Files Blockchain Patent – Systems And Methods Of Blockchain Transaction Recordation

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According to the US Patent and Trademark site online, Nasdaq has applied for a patent called Systems And Methods Of Blockchain Transaction Recordation. 

A computer system is provided that communicates with a distributed Blockchain computing system that includes multiple computing nodes. The exchange stores an order book and a plurality of digital wallets associated with different clients. The computer system receives new data transaction requests that are added to the order book. A match is identified between data transaction requests and hashes associated with the digital wallets associated with the respective data transaction requests are generated. The counterparties receive the hashes of the other party along with information on the match and each party causes Blockchain transactions to be added to the Blockchain of the Blockchain computing system. The computing system then monitors the Blockchain to determine if both sides of the match has been added to the Blockchain.

The application describes an exchange system consisting of digital wallets, an order book and matching engine, with a “closed Blockchain” utilized as a record of transactions that is updated in real-time.

Let the looming war on Blockchain patents begin… 

Nasdaq Files Blockchain Patent – Systems And Methods Of Blockchain Transaction Recordation

About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ citiies. He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe.  In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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Nasdaq Files Blockchain Patent – Systems And Methods Of Blockchain Transaction Recordation

Nasdaq Files Blockchain Patent – Systems And Methods Of Blockchain Transaction Recordation
Nasdaq Files Blockchain Patent – Systems And Methods Of Blockchain Transaction Recordation
Nasdaq Files Blockchain Patent – Systems And Methods Of Blockchain Transaction Recordation
Nasdaq Files Blockchain Patent – Systems And Methods Of Blockchain Transaction Recordation
Nasdaq Files Blockchain Patent – Systems And Methods Of Blockchain Transaction Recordation

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