US Patent Issued to CITIBANK on Oct. 20 for "Hierarchy-based blockchain" (British Inventor)

ALEXANDRIA, Va., Oct. 21 -- United States Patent no. 12,770,143, issued on Oct. 20, was assigned to CITIBANK N.A. (New York).

"Hierarchy-based blockchain" was invented by Ryan Marsh (Billericay, Great Britain).

According to the abstract* released by the U.S. Patent & Trademark Office: "A computer-implemented method comprising receiving a transaction request from a first node within the plurality of nodes, the transaction request corresponding to a pending transaction between the first node and a second node; identifying a distributed ledger associated with the pending transaction, the distributed ledger including a first record having a hierarchy file indicating a hierarchy among the first node, the second node, and the third node; identi...