Summary: The world’s second largest stock exchange by market cap, Nasdaq, revealed anew blockchain patent award Tuesday, October 23, in a bid to tackle the releaseof information for the media industry.
The application, originally filed in January of last year, makes reference to “Aninformation computer system provided for securely releasing time-sensitive information to recipients via a blockchain.”
Blockchain technology, or more specifically smart contracts, could be used toautomate and ensure the security of the information release process.
“Each modification and/or approval of the document is recorded as a separatetransaction on the blockchain where each of the submitter, editor, approver, and recipients interact with the blockchain with corresponding unique digitalidentifiers – such as private keys.”