Capital One Testing Blockchain for Healthcare Claims
US financial services company Capital One is working with blockchain startup Gem on a new healthcare claims project.
Capital One believes its patented artificial intelligence system can better assess whether crypto-related news and data are more reliable than humans for tradings, according to its patent filing.
C Labs, the company working on Celo, is bringing on former DOJ official Jai Ramaswamy to head compliance.
“It would be impossible for human traders to track” crypto's 24/7 informational onslaught on their own, Capital One said.
Capital One hacker Paige Thompson had been using stolen computing power to mine cryptocurrencies, a federal grand jury indictment revealed.
In a patent filing released Thursday, Capital One set out a blockchain system its says allows secure user authentication across multiple platforms.