Home News Accenture Hardware Patent Seeks to Enhance Blockchain Security and Scalability

Accenture Hardware Patent Seeks to Enhance Blockchain Security and Scalability

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Professional providers agency Accenture has filed a patent which seeks to improve the pace and safety of transactions on blockchains utilizing patented {hardware}.

Besides accelerating the software program processes the expertise described within the patent titled ‘Hardware Blockchain Acceleration’ can even enhance the safety of the functions supporting the transaction chains.

Per Accenture, the necessity for the expertise is pushed by the truth that there have been speedy advances in each the communication and digital applied sciences and this has resulted in new safety threats.

According to the patent utility which was filed on August 2, 2018, the varied entities that require safe and environment friendly execution of complicated transactions embody not solely software program processes and {hardware} programs but in addition people.

Shared Responsibilities of Hardware and Software

In the patent utility, Accenture argues that the improved safety and scalability caused by the invention outcomes from the truth that encrypting and decrypting of information are carried out by each the {hardware} machine in addition to the software program implementation and are thus not restricted to one or the opposite.

“As a result, the implementation shown … has increased security and scalability as compared to, for example, software only based security systems,” the patent utility notes.

The blockchain patent filed by Accenture additionally observes that the invention described could also be carried out in quite a lot of methods utilizing completely different combos of software program and {hardware}.

“For example, all or parts of the implementations may be circuitry that includes an instruction processor, such as a Central Processing Unit (CPU), microcontroller, or a microprocessor; or as an Application Specific Integrated Circuit (ASIC), Programmable Logic Device (PLD), or Field Programmable Gate Array (FPGA); or as circuitry that includes discrete logic or other circuit components, including analog circuit components, digital circuit components or both; or any combination thereof,” reads the patent utility.

Variety of storage mediums

Additionally, the directions for execution could also be saved in numerous mediums aside from transitory alerts and this may occasionally embody flash reminiscence and magnetic or optical disks comparable to onerous disk drive, CDROM, Erasable Programmable Read Only Memory, Read Only Memory and Random Access Memory.

Accenture’s ‘Hardware Blockchain Acceleration’ patent comes within the wake of the worldwide administration consulting agency submitting a patent meant to observe shipments utilizing blockchain expertise. And as reported by CCN two years in the past, the skilled providers agency prompted an uproar after growing a blockchain prototype which allows administrators to edit, rewrite and delete blocks from permissioned blockchains. At the time, an Accenture govt Richard Lumb argued that absolute immutability for monetary establishments was a detrimental for banks.

“For decentralized cryptocurrency systems, such permanent accounting has been crucial in building trust and faith among participants. But for financial services institutions faced with a myriad of risk and regulatory requirements, absolute immutability is a potential roadblock,” stated Lumb.

Featured picture from Shutterstock.

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