US Patent Issued to Bank of America on April 21 for "System and method for requesting data transfers in a blockchain network" (North Carolina, New Jersey Inventors)

ALEXANDRIA, Va., April 21 -- United States Patent no. 12,609,917, issued on April 21, was assigned to Bank of America Corp. (Charlotte, N.C.).

"System and method for requesting data transfers in a blockchain network" was invented by Naga Vamsi Krishna Akkapeddi (Charlotte, N.C.) and Siten Sanghvi (Westfield, N.J.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A processor receives a request to receive a transfer of a first amount of data objects into a first data file from a second data file. In response, the processor generates and transmits to the second data file a plurality of digital tokens amounting in value to the first amount of data object. The processor further transmits information associated with ...