US Patent Issued to AVA LABS on July 28 for "Non-transferable token" (New York Inventors)

ALEXANDRIA, Va., July 28 -- United States Patent no. 12,695,620, issued on July 28, was assigned to AVA LABS INC. (New York).

"Non-transferable token" was invented by Kevin Sekniqi (New York), Emin Gun Sirer (New York) and Patrick Robert O'Grady (New York).

According to the abstract* released by the U.S. Patent & Trademark Office: "Various aspects of the subject technology relate to systems, methods, and machine-readable media for providing a digital credential. Various aspects may include receiving a request for execution of a transaction on a blockchain. Aspects may also include identifying a party that originated the request. Aspects may also include selecting an issuer of a non-transferable credential stored on the blockchain. Aspects...