US Patent Issued on July 14 for "System and method for automatic mark management on the blockchain" (American, German Inventors)

ALEXANDRIA, Va., July 14 -- United States Patent no. 12,682,018, issued on July 14.

"System and method for automatic mark management on the blockchain" was invented by Jaime Schwarz (Hastings on Hudson, N.Y.) and Ganesh Gopalkrishna Hegde (Saarbruecken, Germany).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system and method to permit brand owners to maintain control over their valuable brands in a virtual economy. The system and method feature a mark to permit legitimate branded items to be identified. Optionally and preferably, the system and method also enable non-legitimate, "fake" or fraudulent branded items to be identified. Such branded items include but are not limited to, any type of trademark, in...