The United States Patent and Trademark Office (USPTO) has reportedly granted a blockchain patent to Texas-based human-centric cybersecurity firm Forcepoint, as per an official document earlier in April.
Accordingly, the system mentioned in the patent is described as a user behavior monitoring and management system which is used to store customer behaviour data. The data is then utilized to track abnormal and/or malicious activities, which helps to strengthen the system’s cybersecurity.
Forcepoint planned to leverage blockchain technology in certain forms of the system, “with appropriate time stamping to allow for versioning over time,” the filing reads. Hence, the solution is immutable and tamper-proof, the firm claimed.
Forcepoint is a joint venture of Raytheon Company, a major U.S. defense contractor, and American private equity and venture capital firm Vista. The firm claims to develop cybersecurity software to ensure cloud and network security, as well as prevent data leakage and insider threats, on a global scale.
Previously, Japanese regulators passed new laws requiring local cryptocurrency exchanges to reinforce and maintain the internal security, which is in alignment with the officials’ view to further develop the financial technology industry in the future.
Earlier this week, the news broke that San Francisco-based cryptocurrency exchange Coinbase has branched out it business to countries of the Latin American and Southeast Asian regions, as The Crypto Sight reported on April 19.