The Industrial and Commercial Bank of China (ICBC), which is one of the country's four biggest state-owned commercial banks, is investigating a way to validate digital certificates and enable the institution to store data in a sharable blockchain.
According to a patent submission filed with China's State Intellectual Property Office (SIPO), the bank seeks to utilize a blockchain system to advance the efficiency of certificate provision and save users from continually filing the same file to multiple entities.
The patent application blots another effort carried out by a Chinese state-owned commercial bank to use blockchain technology in data sharing and storage.
[Video] ICBC's First Blockchain Patent Is Now Public