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US Cybersecurity Company Awarded Blockchain-Related Patent

Documents recently filed by the USPTO, or the United States Patent and Trademark Office, revealed that Forcepoint, a US-backed cybersecurity company, has been granted a blockchain-based patent.

Forcepoint, a cybersecurity group based in Texas, is owned by private equity company Vista Equity Partners and renowned American defense contractor Raytheon. According to Crunchbase, the company’s yearly revenue has been estimated to be around $600 million.

The awarded patent shows advanced behavior management and monitoring system. The system reportedly aims to collate and store information about user interactions that can be observed electronically. The gathered data would then be utilized to determine known positive actions as well as malevolent and anomalous behavior to improve the system’s cybersecurity.

The patent also showed that several versions of the patent use blockchain technology, particularly when the additional context is utilized in association with the system. These iterations measure context using a blockchain series “within a user behavior profile blockchain.” The system will be implemented with the relevant time stamping to make versioning easier over time.

The blockchain patent also opens up the possibility of data on user behavior being stored directly on the blockchain. It also noted that this solution provides several advantages, like immutability and being tamper-resistant.

The news has been full of companies steadily investing in blockchain-backed solutions. For instance, digital payments enterprise PayPal recently won a patent for a cybersecurity solution that will allegedly protect its users from crypto-based ransomware.

The start of the month also saw global consulting giant Accenture patenting two systems targeting blockchain interoperability.

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