BurstIQ’s Patent Application for a Mobile Cryptocurrency Wallet
Revolutionizing Digital Health Data
BurstIQ Patent Application for Mobile Cryptocurrency Wallet brings advanced solutions to health data management. The first widely used mobile crypto-wallet will be made available to mobile carriers via BurstIQ’s blockchain-based platform.
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BurstIQ Patent Application for Mobile Cryptocurrency Wallet
A provisional BurstIQ patent application for mobile cryptocurrency wallet covering blockchain applications to allow mobile cryptocurrency wallets have been filed by a HIPAA-compliant healthcare blockchain data record integration and security firm. Both BurstIQ’s own blockchain machine intelligence platform and partner Unified Signal’s proprietary eWallet technology and payment platform are included in the patent filings. These additional patents, if approved, will broaden BurstIQ’s portfolio of intellectual property and serve as a vital component of the business’s commercial strategy. Each patent’s global rights will belong to BurstIQ.
As an automated upgrade to clients’ e-wallets, the crypto-wallet will first be introduced on United Signal’s mobile networks, giving users immediate access to their cryptocurrency, including Bitcoin, Ethereum, and others, for usage both domestically and internationally. Anywhere that now allows mobile e-wallet payments on Android and iPhone devices may use the new, extremely secure crypto-wallets to make regular purchases using mobile phones at the point of sale.
Hospitals, care providers, insurance companies, biotech businesses, digital health companies, value-added service providers, and government agencies are now served by BurstIQ’s blockchain-based B2B “Platform-as-a-Service” (PaaS). The company’s reach into the consumer, portable device, and mobile service sectors will increase as a result of this agreement.
A mobile cryptocurrency wallet patent application submitted by BurstIQ. The well-known blockchain healthcare company BurstIQ Inc. has announced plans to submit a significant patent application for a mobile Bitcoin wallet. This breakthrough aims to introduce a widely used cryptocurrency wallet with cell carriers, demonstrating significant advancements in cryptocurrency and mobile technologies. The belief of BurstIQ is shown in this article, which links blockchain technology across many industries with a focus on the healthcare sector.
Frank Ricotta, CEO of BurstIQ, stated, “Having a strong patent estate is essential – both to protect our blockchain healthcare data platform and future marketplace and to strengthen our competitive position in the market, given that the BurstIQ platform is truly the first of its kind.”
We want to use our in-house blockchain technology with partners in the insurance, digital health, healthcare, and mobile industries. If approved, these recently submitted patent applications would greatly expand our portfolio of intellectual property and aid in the creation and rollout of our innovative blockchain platform and health marketplace. Increased access to healthcare services, better health outcomes, and lower costs throughout the healthcare sector are the goals of the BurstIQ platform. One crucial phase in that process is the issuance of these patents.
BurstIQ patent application for mobile cryptocurrency wallet
About BurstIQ
One of the top enterprise-level blockchain data providers for healthcare is BurstIQ TM. To help healthcare, organizations, and, people access comprehend, and manage their health data, the firm provides a HIPAA HIPAA-compliant platform that seamlessly integrates blockchain, cutting-edge security, Big data capabilities, and machine intelligence.
Through a network of market of customized goods and services, value-added business-to-business services research opportunities, and peer-to-peer networks, the BurstIQ ecosystem facilitates the transactions between individuals and companies together.
What is the application of a Patent?
In addition to the physical document and content of the invention’s description and claims, including its procedural paperwork, the phrase “patent application” also refers to the legal and administrative processes involved in requesting the granting of a patent for an invention.
A request for the issuance of a patent for an invention as detailed in the patent specification and a set of one or more claims expressed in a formal document, including the required official forms and associated correspondence, is known as a patent application. It consists of the document and how it is processed within the patent office’s legal and administrative framework. Patents come in three varieties: utility, design, and plant. Applications for utility and plant patents may be either nonprovisional or provisional. Design inventions cannot be filed as provisional applications.
What is Cryptocurrency?
Digital or virtual currency that uses cryptographic techniques for safe transactions is referred to as cryptocurrency, commonly known as crypto-currency or just crypto. It functions on decentralized networks, like blockchain technology, and only exists in electronic form, independent of any central authority.
Cryptocurrency is a digital payment mechanism that does not rely on banks to confirm transactions. It’s a peer-to-peer system that allows anybody, anywhere to send and receive payments. Payments made with cryptocurrencies are only digital inputs to an online database that details individual transactions, rather than actual cash that is carried around and exchanged in the real world. When you move cryptocurrency funds, they are recorded in a public ledger. Coin wallets are used to store cryptocurrency.
How does cryptocurrency work ?
Cryptocurrencies are distinguished by the fact that they are rarely issued by a central authority, making them potentially impervious to government meddling or manipulation.
This is how it works.
You can deposit your cryptocurrency funds onto the platform using any currency you like.
The exchange then holds your funds.
You can use a sell order to sell a cryptocurrency at a predetermined price or the market price.
You may be able to acquire cryptocurrencies as an investment through your brokerage.
How do I patent Cryptocurrency ?
Blockchain inventions can be patented.
In many aspects, blockchain patents are analogous to patents for other forms of software and computer-related technologies. This means that innovations in this area must be both original and non-obvious before a patent can be granted, as stated in greater detail in Bitlaw’s explanation of patent requirements. According to the novelty requirement, a patent will not be awarded for an invention that was publicly used or disclosed anywhere in the world prior to the filing of the patent application. If the patent application’s inventor used or disclosed the invention, the application must be filed within one year of the disclosure. This one-year term is known as the “statutory bar.”
What is a mobile wallet?
A mobile wallet tracks the transactions of credit or debit cards on a mobile device, such as a smartphone, tablet, or wearable device. Using a mobile wallet is a convenient option for shopping online or at a physical store that accepts wallet payments. Because of the technologies they use to protect your account information, they can be more secure than a physical payment card.
Mobile wallets can be kept as apps or as built-in fans for selfies. Mobile wallets can be directly linked to bank accounts and provide access to credit cards, debit cards, coupons, and reward cards.
What are the three types of cryptowallet?
Custodial and noncustodial wallets are the two primary varieties. A third party hosts custodial wallets, also known as online wallets, and keeps your keys on their behalf. This business might offer enterprise-level data security solutions that companies utilize to protect and preserve their data. Customers of certain bitcoin exchanges can access custodial wallets. Noncustodial wallets are ones where you are in charge of keeping your keys safe. The majority of cryptocurrency wallets on devices are of this sort.
Wallets are often categorized into three distinct subcategories: paper, hardware, and software. These kinds of wallets are classified as either hot or cool.
Which crypto wallet is best?
Determining whether you want a hot wallet or a cold wallet is the first step in selecting a cryptocurrency wallet. Hot wallets and cold wallets differ primarily in that the former are linked to the internet, whereas the latter are not.
Although hot wallets are frequently free to use, they do charge fees for additional services like trading or staking. Transactions with cryptocurrency are made reasonably simple using a hot wallet, however, hackers may be able to access your cryptocurrency more easily through the internet. A few instances, along with Zenga and Guarda.
Devices that are not connected to the internet and are used to store private cryptocurrency data are known as cold wallets. Former Ledger, Tezor.
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