MUMBAI, India, July 24 -- Intellectual Property India has published a patent application (202611063231 A) filed by Rakesh Kumar Garg on May 19, 2026, for System And Method For Controlled Merchant Discount Settlement Using An Inflation-Linked Digital Utility Token.
Inventor includes Rakesh Kumar Garg.
The application for the patent was published on July 17, 2026, under issue no. 29/2026.
Abstract: The present invention relates to a system and method for controlled merchant discount settlement using an inflation-linked digital utility token. The system (100) comprises a registration and identity verification module (1), a merchant authorization module (2), a digital wallet management module (3), an inflation index acquisition and normaliza...