Bitcoin Global News (BGN)
January 08, 2019 -- ADVFN Crypto NewsWire -- tZero is a
cryptocurrency exchange platform that has been in development for
years now. It was developed by Overstock.com and owner/CEO Patrick
Bryne. Just two months ago, Patrick Bryne announced plans to sell
Overstock.com in order to put all his focus on blockchain and
cryptocurrency related business. Since then his investment
division, Medici Ventures has continued to invest in blockchain
startups, and now tZERO has won a patent with the U.S. Patent
Office.
"I don't care whether tZero is
losing $2 million a month…. We think we've got cold fusion on the
blockchain side." - Patrick Bryne
“Systems and methods for
authenticating video using watermarks”
The title of the patent sounds like
it has little to do with stock exchanges or cryptocurrencies.
However, this highlights how important miniscule changes to data
and network infrastructure are to their overall function. Digital
content is essentially any data, and this data could be digital
assets, cryptocurrencies, or the ledgers that maintain the
transactional history of a given blockchain or
cryptocurrency.
“The Crypto Integration Platform
provides, among other things, an interface between legacy trading
systems and crypto exchanges that trade digital transactional
items.”
The Patent uses a watermarking
method in hopes that it will allow for a smooth integration of
cryptocurrency exchanges and traditional systems by delineating
ownership through a ledger of transactional data - whether related
to a digital asset or a traditional exchange traded
product.
tZero
Platform
tZero represents the full leap into
the cryptocurrency and blockchain technology industry that CEO
Patrick Bryne is making. Overall, the platform hosts an alternative
trading system for securities, along with a cryptocurrency wallet.
These securities now have the potential to be either traditional or
digital with this patent. The wallet was developed in collaboration
with another startup called Bitsy.
Regarding the continual regulatory
issues with cryptocurrencies exchange. tZero has taken steps to
prevent them. They hold majority stake of two SEC registered and
FINRA Member broker-dealers, SpeedRoute LLC, a premier routing and
execution firm, and PRO Securities LLC, an Alternative Trading
System (ATS). Notably, Pro Securities was the first SEC and FINRA
regulated ATS to facilitate secondary trading of a crypto
security.
http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&u=%2Fnetahtml%2FPTO%2Fsearch-adv.htm&r=6&f=G&l=50&d=PTXT&s1=blockchain&p=1&OS=blockchain&RS=blockchain
By: BGN Editorial Staff