Nasdaq has won a patent outlining how blockchain could be used to release information as part of a wire service.

The patent, released Tuesday by the U.S. Patent and Trademark Office, specifically explains how a blockchain could be used to securely release time-sensitive information when necessary. As the document explains, wire, newswire, news release or other digital distribution services currently share information at pre-set embargo times to the intended outlets.

While existing platforms can already distribute information at specific times and to only the appropriate recipients, the patent notes that these systems may leave audit trail gaps – and some platforms may not be audit-friendly at all.

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