We will discuss on this occasion Blockchain also regarding Vendor R3 with its second patent in a week.
The blockchain-based corporate information exchange has seen more efficiency because the Vendor R3 business software provider with its second patent in a week has allowed the capabilities to be improved, for more details let's see what else we can know about it.
What is the patent granted to R3 about?
The US Patent and Trademark Office UU, on Mars I granted a patent which describes a Blockchain system and method to manage transactions in documents that are digital and dynamic, which will allow companies to obtain a book that will be shared, so that the parties will have the same immutable data recorded, but the best was seen the following week, where R3 received another patent, which consists of a new payment system that will be decentralized, which also does not use the blockchain system, which may facilitate payments more complex where the parties will have to confirm their identities, or take into account the legal requirements, this patent was granted on December 31.
At this time there is no clarity regarding the new system of exchange of records, thinking that if it will be in protocol that is independent or that it will be integrated into the Corda block chain, which is R3, the company tests the most in December , which tested the applications of the financing of Corda commercially, where companies from all over the world were together, these being more than 70, the agreements and relations and positions between companies maintain their own records, which is that with this duplication the Data security in storage will be guaranteed, what I affirm R3 is the possible disparity that may exist in the current system, even causing communication errors, unfulfilled promises and legal disputes.
What can we expect from R3 later?
Vendor R3 with its second patent in a week. The private blockchain is the foundation of the patented R3 system, each transaction may be replicated so that all parties with access to the general ledger have current and immutable information, even if they are not related in transactions, based on the patent that was presented in 2016, those deficiencies and risks that are related to the system of records can be addressed, we have the details of the use of this system sharing a ratified agreement, being the signatories in full disposition, automatic will be the update of the records with the amendments or for the parties that correspond to them include new records, without an intermediary or third party for the use of the workflow, which would guarantee that the parties receive the information at the right time exactly, the R3 technologists are Richard Gendal Brown , Mike Hearn and James Carlyle and these are the creators of the system.
Thus we come to the end of this explanation, with which we hope it will be liked by readers, being the topic of Blockchain also in relation to Vendor R3 with its second patent in a week.
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