US Patent Issued to Algo Consulting on Nov. 3 for "Quantumproof blockchain" (Ohio Inventors)

ALEXANDRIA, Va., Nov. 3 -- United States Patent no. 12,785,985, issued on Nov. 3, was assigned to Algo Consulting Inc. (Cincinnati).

"Quantumproof blockchain" was invented by Jintai Ding (Cincinnati) and Yangxing Ding (Cincinnati).

According to the abstract* released by the U.S. Patent & Trademark Office: "Bitcoins and the underlying blockchain technology are one of the main innovations in building decentralized applications. The effects of quantum computing on this technology are analyzed in general. Provided herein are effective solutions to address security vulnerabilities in a blockchain-based system that can be exploited by a quantum attacker."

The patent was filed on July 22, 2024, under Application No. 18/780,060.

*For further in...