Xerox filed two patent applications with the United States Patent and Trademark Office that use blockchain technology to share and update electronic records, CoinTelegraph reports.
The blockchain-based records would help to streamline operations for regional hospitals and multinational corporations in need of a secure way to share information, according to Xerox.
"In one embodiment, the auditing system uses an encryption process, such as public key cryptography, to sign all record changes in an electronic document (with the private half of a key pair) and to verify that records have not been altered (with the public half of the key pair)," one of the patent reads, according to CoinTelegraph.