US Patent Issued to Ava Labs on March 3 for "Secure and trustworthy bridge for transferring assets across different networks" (American, Canadian Inventors)

ALEXANDRIA, Va., March 3 -- United States Patent no. 12,567,988, issued on March 3, was assigned to Ava Labs Inc. (New York).

"Secure and trustworthy bridge for transferring assets across different networks" was invented by Michael Edmond Kaplan (Brooklyn, N.Y.), Conor Leary (Denver), Nicholas Mussallem (San Rafael, Calif.), Emin Gun Sirer (New York) and Bernard Wong (Waterloo, Canada).

According to the abstract* released by the U.S. Patent & Trademark Office: "Described herein are systems and methods for providing the secure transfer of assets between blockchain networks. The system can include a storage device that can store a bridge program that is programmed to perform (i) lock operations that lock native assets from a first blockchai...