Verisign, a publicly traded company providing domain name registry services, has been granted a blockchain-based patent.
Verisign, a major domain name registry that controls the ‘.com’ and ‘.net’ domains, has acquired a patent that applies blockchain tech to domain names.
The United States Patent and Trademark Office (USPTO) granted patent number 10,721,060 to Verisign on July 21.
Addresses instead of numbers
Titled Domain name blockchain user addresses, the new patent outlines some major benefits and technical advantages associated with registrants utilizing their domain name system (DNS) domain names in a blockchain network.
It can provide the ability to use domain names purchased in the traditional DNS environment in a blockchain environment.