A patent filed this week by Bank of America describes a blockchain-powered ATM network which could provide users with secure, high-speed transactions based on a distributed ledger system
The Bank of America blockchain ATM would create a data transport network with full encryption and security, with cloud integrations and scalable hosting of web services and applications.
A blockchain-based network of ATM machines could provide a number of benefits to customers, including increased security and faster speed of transactions. It could also accommodate a greater variety of transactions than a traditional machine, such as gift registries and video communications.
It also provides for …