Looking at the new patent filings CME has filed on Blockchain, we see that there is a possibility that it is likely to seek ways to change the rules of Blockchain without consensus from all of its nodes in the network.
The systems that form part of airline reward points programs are real The basic needs of such systems is to write the developers of the application, as with other applications where a Blockchain is used to store and protect information in a timely manner.. The filing was published by the US Patent and Trademark Office (USPTO), which was submitted last Thursday in December 2016.
CME’s patent application on Blockchain appeared Thursday
Key There is a need for systems such as systems that form part of airline reward points programs and other applications where a Blockchain is used to store and maintain information in real time.. The filing for the patent, which was submitted in December 2016, was released by the US Patent and Trademark Office (USPTO) last Thursday.
CME cited brochure programs for frequent airline companies as to where this system would be needed. . An airline can choose to store customer data for frequent flyers on a public blockchain. If he wants to change his own rules or any other aspect, he must have a procedure to change the rules governing the Blockchain.
Working on the customization of the blockchain
In the app description, Public Blockchain crypto says it’s important for currencies. But their hard-to-change nature makes them not ideal for some private and commercial uses.
The app’s description reads:
for example; If the airline wants to increase transaction fees to transfer airline miles between parties and uses an open blockchain protocol like Bitcoin for this, almost every node and miner will need to update their software for the rule changes to increase transaction fees to be effective. Otherwise, a fork may occur.”
CME’s past patent applications demonstrate how the company can use technology to store and manage transaction data associated with trade centers.
Coindesk