Japanese electronics giant Sony has filed two patents for boosting blockchain-based ecosystems, according to filings 20180218027 and 20180219686 published by the U.S. Patent and Trademarks Office (USPTO) Aug. 2
The patent explains a scheme of adding new blocks on а distributed ledger in a compressed format, which contributes to the establishment of а competitive manner of nodes that perform mining process, implying that a smaller block produced by the node can be achieve a bigger reward.
In the second patent "Device and System," Sony proposes a way of maintaining a blockchain by multiple virtual nodes, suggesting a mechanism of accessing the distributed ledger via at least one of these nodes.
By incorporating virtual nodes, Sony intends to ensure the integrity of the blockchain in cases “where the number of devices is small or becomes small;” for example, if a number of devices went down.
Also in 2017, Sony partnered with tech giant IBM to develop an educational platform based on blockchain to provide secure sharing of student records
Also read the information mention below
OKEx, currently the world’s second largest exchange by traded value, has said that its risk management alert system was immediately triggered when the long position was initiated by an anonymous futures trader at 2 a.m. (Hong Kong Time) July 31.
Due to the “sheer size of the order” — a whopping 4,168,515 contracts, according to OKEx — the exchange says it took preemptive action, explaining that their risk team asked the client to “partially close the positions to reduce the overall market risks” several times,
Source
Plagiarism is the copying & pasting of others work without giving credit to the original author or artist. Plagiarized posts are considered spam.
Spam is discouraged by the community, and may result in action from the cheetah bot.
More information and tips on sharing content.
If you believe this comment is in error, please contact us in #disputes on Discord
Hello sir I am fully support you..
Good news bro.