BurstIQ, Inc., a HIPAA-compliant healthcare blockchain data record integration and security company has filed provisional patent applications covering uses of blockchain to enable mobile cryptocurrency wallets. The patent applications incorporate the IP of both BurstIQ’s proprietary blockchain machine intelligence platform and proprietary eWallet technology and payment platform by partner Unified Signal. Once granted, these new patents will expand BurstIQ’s intellectual property portfolio and provide foundational support for the company’s commercial roadmap. BurstIQ will own worldwide rights for each patent.
The crypto-wallet will initially be deployed to United Signal’s mobile networks as an automatic update to customers’ e-wallets, adding instant access to their crypto-currency; Bitcoin, Ethereum and others for use within the united states and oversees. The new super secured crypto-wallets enable mobile phones at the point-of-sale at retailers to make everyday purchases anywhere that accepts current mobile e-wallet payments on Android and iPhone devices.
BurstIQ’s blockchain-based B2B “Platform-as-a-Service” (PaaS) currently supports hospitals, care providers, insurance companies, biotech companies, digital health companies, value-added service providers and government agencies. This partnership will expand the company’s reach into the mobile service, handheld device and consumer markets.
Users of the new crypto-wallet will be able to pay for everyday items using Bitcoin, Ethereum, and BurstIQ’s own digital currency, to be announced in coming weeks, through a blockchain-secured mobile wallet on their phone. The beta release of the new crypto-wallet is scheduled to go live in on both android and iOS devises early 2018.
“Given that the BurstIQ platform is truly the first of its kind, 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,” said Frank Ricotta, CEO of BurstIQ. “We intend to leverage our proprietary blockchain platform with healthcare, digital health, insurance and mobile partners. When granted, these newly filed patent applications will significantly strengthen our intellectual property portfolio and support development and commercialization of our cutting-edge blockchain platform and health marketplace. The BurstIQ platform is designed to increase access to health services, improve health outcomes and reduce costs across the healthcare industry. These patents are an important step in that process.”