US Patent Issued to Bank of America on Nov. 3 for "UWB-based quantum tokenized communication framework for secure and efficient transactions" (North Carolina, New Jersey Inventors)

ALEXANDRIA, Va., Nov. 3 -- United States Patent no. 12,786,717, issued on Nov. 3, was assigned to Bank of America Corp. (Charlotte, N.C.).

"UWB-based quantum tokenized communication framework for secure and efficient transactions" was invented by Siten Sanghvi (Westfield, N.J.) and Naga Vamsi Krishna Akkapeddi (Charlotte, N.C.).

According to the abstract* released by the U.S. Patent & Trademark Office: "An Ultra-Wide Band (UWB)-based communication framework integrates quantum cloud orchestration and tokenized security to enable secure, efficient, and low-latency transactions between devices and edge centers. The system dynamically generates quantum-encrypted, perishable tokens containing transaction metadata, including geolocation, networ...