Would this make banks responsible for uncontrollable losses? This will be great for adoption and hints at a future where banks essentially regulate smooth digital transactions and keep them secure.
The article is just about a patent to store private keys safely. I don't think it makes anyone responsible in case the keys are lost. Moreover, patents are usually made not only for the name of the company to be acknowledged, but also to profit from any applications of this technology. It leads me to thinking that this bank will charge a fee for private keys storage. Moreover, for now it's not clear to me what's the idea behind this thing, but it seems unsafe to me to store keys on some platform rather than on a piece of paper or something. Even if the tech is good, we should understand that this service will become an aim for many hackers because where else could one find private keys so easily.