A System and Method for using Blockchain Technology to Secure Newswire Services

A patent application has been filed in the US Patent & Trademark Office (USPTO) entitled, “SYSTEMS AND METHODS FOR SECURING AND DISSEMINATING TIME SENSITIVE INFORMATION USING A BLOCKCHAIN”. An Abstract, Background and Summary of said filing follows:

Abstract: “An information computer system is provided for securely releasing time- sensitive information to recipients via a blockchain. A submitter submits a document to the system and a blockchain transaction is generated and submitted to the blockchain based on the document (e.g., the document is included as part of the blockchain transaction). An editor may edit the document and an approver may approve the document for release to the recipients. Each modification and/or approval of the document is recorded as a separate transaction on the blockchain where each of the submitter, editor, approver, and recipients interact with the blockchain with corresponding unique digital identifiers–such as private keys.”

Background: “The technology herein relates to cryptographic distributed systems that secure and disseminate electronic information. More particularly, the technology herein relates to a system that integrates a blockchain that stores, secures, and disseminates time-sensitive information.”

Summary: “A number of electronic platforms (referred to as “wire services,” “newswire services,” “news release distribution services,” “online news distribution services,” and the like) exist that allow for the dissemination of news information (and other types of information) to appropriate recipients in a timely manner. Many such platforms provide a web-based interface that allows a customer to upload, for example, a report from the FDA regarding a new drug, or an earnings report for a company. This information may be received and then processed by the platform, stored into a database, and then released to recipients at a designated time (e.g., via email or published to a website or other data “feed”).”

“In certain example embodiments, a computer system is provided that enables users to securely record time-sensitive information (e.g., announcements, press releases, regulatory filings, and the like) along with associated meta-data using blockchain technology. The computer system and blockchain are programmed to allow dissemination of the information directly to selected parties at a set scheduled time by using programs or scripts (e.g., sometimes referred to as smart contracts) that have been added to the blockchain according to certain example embodiments. Access to the sensitive information that is stored on the blockchain may include a multi-signature requirement that is part of the embedded scripts A System and Method for using Blockchain Technology to Secure Newswire Services that make up a given blockchain transaction. The intended recipients of the information may then directly interface with the blockchain at the scheduled time (e.g., that is controlled by the embedded script that is part of a transaction) to access information that has been securely stored thereon.”

This application, or a related application, on the above technology is currently pending in the USPTO. Selected portions taken from the file wrapper of the application, including the last action by the patent examiner, last response by applicants attorney and cited art, may be downloaded directly from Patentfox. This presentation and download will provide the reader with an in depth, current, detailed disclosure on advances in this leading edge technology that may not be fully exposed in other published literature.

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