{"id":93098,"date":"2018-11-14T21:00:55","date_gmt":"2018-11-15T05:00:55","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=93098"},"modified":"2018-11-14T21:24:40","modified_gmt":"2018-11-15T05:24:40","slug":"amazon-wins-two-blockchain-related-patents-cryptography-and-distributed-storage","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/amazon-wins-two-blockchain-related-patents-cryptography-and-distributed-storage\/","title":{"rendered":"Amazon Wins Two Blockchain Related Patents: Cryptography and Distributed Storage"},"content":{"rendered":"

Internet retail behemoth Amazon was recently awarded two blockchain-related patents. The patents related to cryptographic signatures and expandable data grids, signal a race to patent more of the open-source innovations occurring in the space.<\/p>\n

Nov. 13:\u00a0Amazon was awarded two blockchain-related patents, further solidifying its presence as a potential contender<\/a> for blockchain services. The official award of one of the patents concludes a several-year-long filing, dating back to 2015.<\/p>\n

\"Amazon
Related: Amazon Web Services Launches Instant Blockchain Templates for Ethereum and Hyperledger<\/a><\/figcaption><\/figure>\n

The first patent, Signature Delegation<\/a>, describes cryptographic signatures in a Merkle-tree based data scheme.\u00a0Merkle-trees are one of the underlying innovations that make blockchains possible. The data structure enables participants in a peer-to-peer network to check that data is unaltered, or to ensure that other participants are not lying and sending fake data.<\/p>\n

The second patent, Extending Grids in Data Storage Systems<\/a>, describes a method for creating extendable shards in a database. This is useful for creating considerable flexible datasets, like those seen in a blockchain. This patent was filed almost three years ago, indicating that Amazon may have been aware of Bitcoin<\/a> and other technologies quite early.<\/p>\n

The patent covers areas similar to those leveraged in torrent blockchain-based data storage projects such as Siacoin<\/a>, Arweave, and Filecoin<\/a>. Perhaps Amazon might strike its next multi-billion-dollar-a-year cash cow and add one of these services to its already expansive AWS offerings<\/a>.<\/p>\n

The news comes months after Amazon stepped into the crypto space with its data streaming marketplace patent<\/a>. The patent, awarded in April, described a multi-streaming service for tracking transactions and various data for Bitcoin and other cryptos.<\/p>\n

Technology Gold Rush<\/h2>\n

Amazon\u2019s rush into securing blockchain-related patents mirrors similar moves by other Fortune 500 companies. Companies like Xerox<\/a>, Bank of America<\/a>, Square<\/a>, and JP Morgan<\/a> are using the proliferation of open-source software to stake-out proprietary claims on the new technology.<\/p>\n

Amazon, the 8th largest company in the world by annual revenue, has maintained a stranglehold on cloud computing and data storage; the company boasts nearly triple<\/a> the market share of its nearest competitor, Microsoft.<\/p>\n

However, Google, IBM<\/a>, Microsoft, and Alibaba<\/a> have been turning up the heat, and the latter two have also been delving into blockchain technologies. Although open-source, IBM's Hyperledger<\/a>\u00a0has gained considerable traction.<\/p>\n

Amazon may be using this string of patents to jockey with major competitors and reinvigorate its flatlining 33 percent market share.<\/h3>\n

The move also coincides with the company's attempts to solidify itself as a cloud provider of blockchain services.\u00a0Amazon is\u00a0currently competing with Microsoft Azure<\/a>, Google blockchain services<\/a>, and IBM Hyperledger to commercialize proprietary blockchain-as-a-service offerings.<\/p>\n

Implications of Intellectual Property<\/h2>\n

The growth in patents is seen as a positive signal for cryptocurrencies and the technology overall. As more mature and sizable players enter the space, the legitimacy and development of the technology will continue to flourish.<\/p>\n

However, these patents sharply contrast the impetus for open-source, collaborative, and censorship-resistant software. As the industry grows companies such as Amazon will attempt to lay proprietary claims around the technology to profit.<\/p>\n

It's still unclear how these large businesses will clash with existing startups and decentralized organization employing the technology, but the message is clear: The fight to bring blockchain to the mainstream has commenced.<\/p>\n","protected":false},"excerpt":{"rendered":"

Internet retail behemoth Amazon was recently awarded two blockchain-related patents. The patents related to cryptographic signatures and expandable data grids, signal a race to patent more of the open-source innovations occurring in the space. Nov. 13:\u00a0Amazon was awarded two blockchain-related patents, further solidifying its presence as a potential contender for blockchain services. The official award […]<\/p>\n","protected":false},"author":29,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,37],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nAmazon Wins Two Blockchain Related Patents: Cryptography and Distributed Storage<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/amazon-wins-two-blockchain-related-patents-cryptography-and-distributed-storage\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amazon Wins Two Blockchain Related Patents: Cryptography and Distributed Storage\" \/>\n<meta property=\"og:description\" content=\"Internet retail behemoth Amazon was recently awarded two blockchain-related patents. 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