US Patent Issued to BLACKBEARD DEVELOPMENT GROUP on Feb. 17 for "Method, apparatus, and computer-readable medium for generating a proxy token" (Tennessee Inventor)

ALEXANDRIA, Va., Feb. 17 -- United States Patent no. 12,555,100, issued on Feb. 17, was assigned to BLACKBEARD DEVELOPMENT GROUP LLC (Camden, Del.).

"Method, apparatus, and computer-readable medium for generating a proxy token" was invented by Richard Ryan (Jasper, Tenn.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method, apparatus, and computer-readable medium for generating a proxy token, including receiving a proxy token initiation message from an entity on the computer network, the proxy token initiation message referencing an existing token stored on a distributed storage system, determining whether the entity controls a private key required to transfer the existing token to a different location on...