The American financial corporation American Express is going to develop a new model of transaction confirmation and, judging by the patent application filed by them, a blockchain is considered as a possible solution.
A patent application published last week by the US Patent and Trademark Office describes the use of a “blockchain-based system” to receive “payment confirmations, including the transaction amount and the seller's ID.”
The new model is aimed at adding a “limited” number of options to receive a quality confirmation of the transaction between the seller and the buyer.
The AmEx patent emphasizes the importance of technology for maintaining “transaction data, contract information, proof of payments, identification and/or other necessary information.” The main idea of the new concept is that the blockchain network, which, perhaps, will be public, will serve as an additional layer of confirmation of transactions occurring in the AmEx network.
According to the company, the options for using such a model are quite diverse.
Representatives of American Express say that the information can be used to “unlock the doors of hotels or rented or shared premises using a card (for example, the one used for payment).” In addition, “the system can be used to provide stowaway access to various events (to cinemas, sports events, concerts, etc.).”
The decision on whether the new system will be placed in a private blockchain, in a public one or in a consortium network has not yet been made.
Let us recall, in October last year, American Express filed an application for a different patent, associated with the system of customer rewards. Currently, the company is conducting the first tests of the Membership Rewards program for cardholders using the blockchain technology from the Hyperledger project, a partnership with which was signed in January of this year.
Now, let's move to the technical analysis of Bitcoin (BTC):
Today, Bitcoin practically fulfilled our yesterday's forecast, having reached the mark of $6,750. Then, more than likely, it will go to a correction. The first support level is at $6,500. The nearest resistance level is at around $6,750.
Technical analysis of Ethereum (ETH):
Ethereum did not have enough strength to grow up to our yesterday's goal of $500, due to the lack of buyers. Now, it is going down. The nearest resistance level is at around $475. The nearest support level is at $460.
Technical analysis of Ripple (XRP):
Ripple reached our yesterday's goal and grew to the mark of $0.47. Now, it will go to a correction downward. The nearest resistance level is at $0.47. The nearest support level is at $0.45.