Canadian Bank Seeks Patent For Blockchain-Based Asset

A major Canadian Bank is seeking to develop a digital asset tracking system with the use of blockchain.

According to a patent published by the US Patent and Trademark Office (USPTO) on Thursday, TD Bank seeks the use of a public blockchain system to digitally track assets. The Canadian bank described how it could use a distributed public ledger to help point-of-sale computers track transactions.

The schematics show that computers could generate a block of data to record every information about the traded assets including the transactions themselves.