Goldman Sachs applies for a patent aimed at integrating blockchain technology with settlement mechanisms

ChainCatcher message, Goldman Sachs recently applied for a patent with the U.S. Patent Office, proposing to integrate blockchain technology with its settlement mechanism.

It is reported that the patent document number is US 11605143 2B, submitted on March 14, outlining the bank's technological and computational requirements for using blockchain. The patent focuses on smart contract technology, which can be applied to various financial instruments such as fractional reserve banking, insurance, bonds, securitized products, and margin loans. (source link)