US Patent Issued to Capital One Services on Feb. 10 for "Secure decentralized system utilizing smart contracts, a blockchain, and/or a distributed file system" (Canadian Inventors)

ALEXANDRIA, Va., Feb. 11 -- United States Patent no. 12,547,775, issued on Feb. 10, was assigned to Capital One Services LLC (McLean, Va.).

"Secure decentralized system utilizing smart contracts, a blockchain, and/or a distributed file system" was invented by Jonathan Lee (Richmond Hill, Canada), Steve Frensch (Kitchener, Canada), Ethan Greig (Dundas, Canada), Anna-Maria Nalepa (Mississauga, Canada) and Zheng Jian (Kitchener, Canada).

According to the abstract* released by the U.S. Patent & Trademark Office: "A node associated with an organization may receive a storage identifier for new credit data associated with an individual. A distributed ledger and distributed data sources may be used to share the new credit data with a network of n...