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Sunday, April 21, 2019

Blockchain patents are granted to Network Security Company owned by US Defense Contractors


Documents published by the United States Patent and Trademark Office (USPTO) on April 16 reveal that Texas-based cybersecurity company Forcepoint has been awarded a blockchain-related patent.

Forcepoint is owned by U.S. defense contractor Raytheon and private equity firm Vista Equity Partners, and Crunchbase estimates its yearly revenue to be $600 million.

The system described in the patent appears to be a complex user behavior monitoring and management system. The system would aim to store data about electronically-observable user interactions and then use this data to identify known good, anomalous and malevolent user actions to enhance the system’s cybersecurity.

Some versions of the system employ blockchain technology, according to the patent:

“In certain embodiments, the association of the additional context may be accomplished via a blockchain block within a user behavior profile blockchain [...] implemented with appropriate time stamping to allow for versioning over time. ”

Furthermore, the patent also provides the possibility of storing user behavior data on the blockchain directly, noting that advantages of the solution are immutability and tamper-evident.

As recently reported, digital payments giant PayPal has won a cybersecurity patent to protect users from crypto ransomware.

Also, at the beginning of the current month, global consulting company Accenture has patented two solutions focused on blockchain interoperability.


source : Adrian Zmudzinski

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