December 15th, 2015

AXEL Pushes Toward the Future of Innovation: Receives Latest Patent for its Blockchain Technology

By: via PR Newswire

LAS VEGAS, Dec. 2, 2020 /PRNewswire-PRWeb/ -- AXEL, creators of the AXEL Network, a globally distributed and decentralized content delivery network, announces that it has been awarded a new patent by the United States Patent and Trademark Office (USPTO) for its proprietary blockchain technology. Already a recognized innovator, having earned numerous patents for key technologies developed to support its data custody solutions, this most recent patent covers the Autonomous eXchange via Entrusted Ledger (A.X.E.L.), and is the first one to be issued specifically for AXEL's blockchain technology.

"This is a very significant patent and major milestone for our company," says Ben Ow, President and CTO of AXEL. "Our data custody solutions utilize cutting edge blockchain technology and our first patent in this field cements AXEL's status as a true blockchain innovator."

The Patent
This patent, U.S. Patent No. 10,855,446, dictates specific public and private chain mechanisms designed for public visibility of transaction authentication and verification, while keeping the transaction details confidential. In simple terms, a public blockchain will show all transactions that occurred, but the details will remain private between the ones conducting the transaction.

Building upon AXEL's blockchain technology is the company's data transfer and file sharing service, AXEL Go. The AXEL Go app offers industry-leading security and privacy features, and includes the same encryption technology that government agencies and the military use to secure their confidential files. On AXEL Go, when files are shared, they are split into tiny "shards" and distributed to various servers closest to the recipient. This process significantly reduces the risk of a data breach since the files remain divided and spread across different locations. This combination of features makes the platform an extremely secure option to protect even the most sensitive or confidential information.

About AXEL
AXEL aspires to transform the internet by giving users everywhere true ownership over their data with its longstanding commitment to data custody, data privacy, and security. The company provides privacy-focused technology solutions with its industry-leading, blockchain-driven AXEL Go app, which allows users to send and store files privately and securely. Internationally recognized for innovation and recently selected as one of Hello Tomorrow's 2020 Deep Tech Pioneers, AXEL owns a portfolio of proprietary technologies utilizing complex decentralized computing concepts for simple solutions.

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Media Contact

John Svoboda, AXEL, 702-948-9770, john.svoboda@AXEL.org

 

SOURCE AXEL

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