ALEXANDRIA, Va., Aug. 25 -- United States Patent no. 12,718,191, issued on Aug. 25, was assigned to DIGIPRINT IP LLC (Longboat Key, Fla.).

"Tracking and authentication of inventory via distributed ledger" was invented by Avery Levy (Longboat Key, Fla.) and John Cronin (Bonita Springs, Fla.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Copies of a distributed ledger with multiple blocks are stored on multiple computing devices. A first computing device coming into proximity with a particular object triggers generation of a new block to the distributed ledger, the new block identifying changes to an inventory of objects of the object type and including a hash of a previous block of the distributed ledger. The...