BANK OF AMERICA ADDS PRIVATE KEY STORAGE FILING TO STOCKPILE OF BLOCKCHAIN PATENTS

Bank of America is solidifying its position as a frontrunner in blockchain innovation.The financial giant recently added another patent filing to its ever-growing collection, this time focusing on secure private key storage.This latest move, confirmed on October 30th, signals BoA's ongoing commitment to exploring and potentially leveraging the power of blockchain technology for various applications.With over 50 blockchain-related patents already under their belt, executives emphasize that this is part of a larger strategy to be prepared for the future of the industry. In Q3 2025, BoA filed for three patents, details of which included using blockchain to track and validate user identification, enabling the validation of changes to user identity and the conversion of unsecured instruments through a validation process.The new patent application, revealed by the United States Patent and Trademark Office (USPTO), is titled “Systems and devices for hardened remote storage of private cryptography keys used for authentication.” This showcases the bank’s proactive approach to addressing a critical aspect of blockchain security: ensuring the safe and reliable management of private keys.

This focus on private key security isn't happening in isolation.It's part of a broader trend of Bank of America securing patents related to blockchain, cryptocurrencies, and related technologies.This pattern suggests a strategic investment in the underlying technology, rather than just speculative interest in cryptocurrencies themselves.It also reflects a forward-thinking approach, ensuring that Bank of America is well-positioned to adapt and innovate as the blockchain landscape continues to evolve.

Bank of America's Growing Blockchain Patent Portfolio

The recent private key storage patent isn't a standalone event. The latest award, which adds to the bank s mounting stack of cryptocurrency and blockchain patents, references storage methods for private keys. Specifically, the filing reads, currentIt's just the latest addition to a substantial collection of blockchain-related intellectual property held by Bank of America.In fact, during Q4 2025 alone, BoA filed patents for several other blockchain-related innovations, highlighting their dedication to the technology.

Previous Blockchain Patent Filings

Consider these examples, further emphasizing Bank of America's diverse blockchain interests:

• Blockchain-based user identification: Patents were filed detailing the use of blockchain to track and validate user identification.This could potentially revolutionize how identities are managed and verified in the digital world, offering enhanced security and efficiency.
• Validation of changes to user identity: Another filing addressed enabling the validation of changes to user identity through blockchain technology.This is crucial for maintaining accurate and up-to-date identity information in a secure and transparent manner.
• Conversion of unsecured instruments: Bank of America is also exploring the use of blockchain to convert unsecured financial instruments through a validation process, potentially streamlining and securing various financial transactions.
• Resource distribution card device with OTP generation: Showcasing BoA's innovation, they also filed a patent for resource distribution card device with One-Time Password generation.
• Augmented reality for secure user verification: Leaning into cutting edge technology, they are exploring utilizing augmented reality for secure user verification.
• AI and ML for intelligent resource exchange event authentication: Marrying AI and Blockchain, they are leveraging AI and ML for intelligent resource exchange event authentication
• Distributed ledgers in OTP verification: Another patent showcases implementing distributed ledgers in OTP verification
• Computer-implemented human: A final patent filing included computer-implemented human

These filings demonstrate Bank of America’s exploration of blockchain technology beyond cryptocurrencies. BoA s patent filing proposes using blockchain for tracking resource information and confirming resource transfers, noting that. A need currently exists for providing a more accurateThey envision blockchain playing a critical role in identity management, secure financial transactions, and potentially even resource management within complex systems.

The Significance of Private Key Storage in Blockchain Security

The emphasis on private key storage highlights a crucial area of concern within the blockchain ecosystem. Skip to main content Bitcoin Insider. MenuPrivate keys are essential for accessing and controlling digital assets, making their secure storage paramount.Loss or theft of a private key can result in irreversible loss of funds.

The patent, titled “Systems and devices for hardened remote storage of private cryptography keys used for authentication,” signals BoA's ambition to create more robust and secure methods for managing these critical keys. Bank of America had 57 patents in blockchain during Q4 2025. Bank of America Corp filed patents in Q4 2025 for a resource distribution card device with OTP generation, leveraging augmented reality for secure user verification, utilizing AI and ML for intelligent resource exchange event authentication, implementing distributed ledgers in OTP verification, and computer-implemented humanBy focusing on hardened remote storage, they aim to mitigate the risks associated with traditional methods of private key management, such as storing them directly on user devices or relying on centralized exchanges.

There are several ways hardened remote storage can enhance security:

• Reduced attack surface: By storing private keys remotely, the risk of local compromise (e.g., malware on a user's computer) is significantly reduced.
• Enhanced security protocols: Remote storage allows for the implementation of advanced security protocols, such as multi-factor authentication and hardware security modules (HSMs), to protect private keys.
• Improved recovery mechanisms: In the event of a lost or compromised device, remote storage facilitates secure recovery of private keys without exposing them to further risk.

By innovating in this area, Bank of America aims to contribute to a more secure and reliable blockchain ecosystem, potentially fostering greater adoption and trust in the technology.

Bank of America's Commitment to Innovation

Bank of America's investment in blockchain patents is a testament to its broader commitment to innovation and technological advancement. Bank of America continua ad ammassare brevetti relativi a criptovalute e blockchain: l'ultimo riguarda l'archiviazione delle chiavi private. Notizie La Bank of America (BoA) continua a prepararsi alla futura crescita dell'industria crypto con ulteriore brevetto correlato alle valute virtuali .They recognize the transformative potential of blockchain technology and are actively exploring its various applications. Plan and track work Code Review. Manage code changesThis commitment extends beyond blockchain, encompassing areas such as artificial intelligence (AI) and machine learning (ML).

According to internal data, Bank of America has seen a 94% increase in AI and ML granted patents and pending patent applications since 2025. Bank of America is dedicated to the use of innovative technology to best meet the needs of its clients and employees. This commitment to innovation has led to a 94% increase in artificial intelligence (AI) and machine learning (ML) granted patents and pending patent applications since 2025. Today, the company has nearly 1,100 AI and ML patents and pending applications in its portfolio, withThey currently hold nearly 1,100 AI and ML patents and pending applications in their portfolio, demonstrating a significant investment in these cutting-edge technologies.

This dedication to innovation is driven by a desire to better serve the needs of their clients and employees.By embracing new technologies, Bank of America aims to improve efficiency, enhance security, and create new opportunities for growth.

Why is Bank of America Investing in Blockchain Patents?

A fundamental question arises: why is Bank of America so actively pursuing blockchain patents? Bank of America (BoA) has gained a further cryptocurrency-related patent, a filing confirmed Oct. 30, continuing its efforts to be prepared for the industry s future growth. The latest award, which adds to the bank s mounting stack of cryptocurrency and blockchainpatents, references storage methods for private keys.The answer lies in a combination of strategic foresight, competitive advantage, and a desire to shape the future of finance.

Here are some key reasons:

• Future-proofing the business: Bank of America recognizes that blockchain technology has the potential to disrupt traditional financial services.By securing patents in this space, they are positioning themselves to remain competitive and adapt to the evolving landscape.
• Creating a competitive advantage: Patents provide exclusive rights to specific inventions, giving Bank of America a competitive edge over other financial institutions. The latest award, which adds to the bank s mounting stack of cryptocurrency and blockchain patents, references storage methods for private keys.This allows them to develop and deploy innovative blockchain-based solutions without fear of direct competition.
• Generating revenue: Patents can be licensed to other companies, generating revenue for Bank of America and contributing to their bottom line.
• Shaping the industry: By actively participating in the patent process, Bank of America can influence the development and adoption of blockchain standards and technologies.
• Attracting talent: A strong patent portfolio can attract top talent in the blockchain space, helping Bank of America to build a team of experts capable of driving innovation.

In essence, Bank of America views blockchain technology as a strategic asset, and its investment in patents reflects a long-term commitment to this area.

The Patent Titled ""Systems and devices for hardened remote storage of private cryptography keys used for authentication""

Let's delve deeper into the specifics of the recently filed patent application, ""Systems and devices for hardened remote storage of private cryptography keys used for authentication.""

While the full details of the patent are confidential, we can infer several key aspects based on the title and general understanding of blockchain security:

• Focus on security: The term ""hardened"" suggests a strong emphasis on security and resilience against attacks.This implies the implementation of robust security protocols, such as encryption, multi-factor authentication, and intrusion detection systems.
• Remote storage: Storing private keys remotely offers several advantages over local storage, as mentioned earlier.This approach reduces the risk of local compromise and allows for the implementation of centralized security controls.
• Authentication: The patent likely addresses how the remote storage system authenticates users and authorizes access to private keys.This is a critical aspect of security, as it prevents unauthorized individuals from accessing sensitive information.
• System and Devices: This suggests the patent covers both the software and hardware aspects of the private key storage solution.

Given Bank of America's focus on innovation, the patent likely incorporates cutting-edge technologies and techniques to achieve a high level of security and reliability.We can anticipate implementations of advanced encryption methods, secure hardware enclaves, and sophisticated access control mechanisms.

How Might This Patent Affect the Blockchain Industry?

Bank of America's patent on hardened remote storage of private keys has the potential to significantly impact the blockchain industry.

Here are some potential effects:

• Increased security: By advancing the state of the art in private key storage, the patent could contribute to a more secure and reliable blockchain ecosystem.
• Greater adoption: Improved security can foster greater trust in blockchain technology, potentially leading to wider adoption by individuals and businesses.
• New business models: The patent could enable the development of new business models centered around secure private key management services.
• Licensing opportunities: Bank of America could license the patent to other companies, generating revenue and accelerating the adoption of its technology.
• Influence on standards: The patent could influence the development of industry standards for private key storage, shaping the future of blockchain security.

However, it's important to note that patents can also have drawbacks. In April, the bank s application for a patent on a blockchain-based storage system with automated data authentication was unveiled. The document was originally filed in October 2025. TheThey can potentially stifle innovation by creating barriers to entry for smaller companies and independent developers.It remains to be seen how Bank of America will utilize its patent and what impact it will ultimately have on the blockchain ecosystem.

Future Implications and Trends

The trend of major financial institutions like Bank of America investing heavily in blockchain patents points towards several key future implications and trends.

Consider these potential developments:

• Mainstream adoption of blockchain: The involvement of large financial institutions signals a growing acceptance and integration of blockchain technology into mainstream financial services.
• Increased regulation: As blockchain becomes more prevalent, we can expect increased regulatory scrutiny and the development of new regulations to govern its use.
• Convergence of traditional finance and blockchain: Traditional financial institutions will increasingly integrate blockchain technology into their existing infrastructure and services, blurring the lines between traditional finance and the decentralized world of blockchain.
• Focus on security and scalability: The industry will continue to prioritize security and scalability as blockchain applications become more complex and handle larger volumes of transactions.
• Emergence of new blockchain-based solutions: We can expect to see the emergence of new and innovative blockchain-based solutions across various industries, ranging from supply chain management to healthcare.

Bank of America's proactive approach to securing blockchain patents positions them well to capitalize on these future trends and play a leading role in the evolution of the financial industry.

How to Secure Your Own Cryptocurrency Private Keys

Inspired by Bank of America's efforts, individuals should also take proactive steps to protect their own cryptocurrency private keys. Bank of America products may be covered by one of more of these U.S. patents. Additional patents may be pending.Here are some best practices:

1. Use a hardware wallet: Hardware wallets are physical devices that store private keys offline, providing a high level of security.
2. Enable two-factor authentication (2FA): 2FA adds an extra layer of security to your accounts, making it more difficult for hackers to gain access.
3. Use strong, unique passwords: Avoid using easily guessable passwords and never reuse passwords across multiple accounts.
4. Keep your software up to date: Regularly update your operating system, antivirus software, and cryptocurrency wallets to patch any security vulnerabilities.
5. Be wary of phishing scams: Phishing scams are designed to trick you into revealing your private keys or other sensitive information.Be cautious of suspicious emails or websites.
6. Consider using a multi-signature wallet: Multi-signature wallets require multiple private keys to authorize transactions, adding an extra layer of security.
7. Store backups securely: Create secure backups of your private keys and store them in a safe place, such as a fireproof safe or a bank vault.
8. Educate yourself: Stay informed about the latest security threats and best practices for protecting your cryptocurrency.

By following these tips, you can significantly reduce the risk of losing or compromising your cryptocurrency private keys.

Conclusion

Bank of America's relentless pursuit of blockchain patents, including the recent filing on private key storage, demonstrates their deep commitment to exploring and potentially leveraging this transformative technology.Their extensive portfolio, encompassing areas like user identification, identity validation, and secure financial transactions, positions them as a key player in the evolving blockchain landscape. Interesting read blockchain cryptoBy focusing on critical aspects like secure private key management, BoA is not only safeguarding their own interests but also contributing to a more secure and reliable blockchain ecosystem. Search within the title, abstract, claims, or full patent document: You can restrict your search to a specific field using field names. Use TI= to search in the title, AB= for the abstract, CL= for the claims, or TAC= for all three.While the full impact of these patents remains to be seen, they undoubtedly signal a continued convergence of traditional finance and blockchain technology, with Bank of America at the forefront of innovation.If you hold cryptocurrency or are considering entering the space, remember to prioritize securing your private keys.Take proactive steps to protect them using the best practices discussed above, mirroring the dedication to security exemplified by Bank of America's patent filings.Stay informed, stay secure, and be prepared for the future of finance.