The US Patent and Trademark Office (USPTO) has confirmed Goldman Sachs’ patent for the SETLcoin cryptocurrency-based securities payment system.
Goldman Sachs global investment banking, investment management , is a American financial company that deals in securities and other financial services.
According to the certification released this week, Goldman has filed a patent application for this system, which is now proprietary to them October 2014.
Definition of the SETLcoin system:
“The aforementioned technology takes steps that can be executed by the processor to instantly settle cryptocurrency-backed securities without the risks of traditional systems. ”
When institutions like Goldman were asked why they chose to create their own cryptocurrencies, the answer was:
“At the beginning, we had to adapt to the sector and be at the forefront. Such attempts have been made in order to stay clean, but now it has begun to focus on the infrastructure of the business.”
SETLcoin, which should be preferred in terms of centralization model and easy applicability It is presented as a system.
The fact that a system based on cryptocurrencies has been patented is a completely different development in addition to the studies carried out by countries for these currencies.