US Patent Issued to EQBR HOLDINGS on March 24 for "Blockchain provision system and method using non-competitive consensus algorithm and micro-chain architecture to ensure transaction processing speed, scalability, and security suitable for commercial services" (South Korean Inventors)

ALEXANDRIA, Va., March 24 -- United States Patent no. 12,586,064, issued on March 24, was assigned to EQBR HOLDINGS Co. LTD (Seoul, South Korea).

"Blockchain provision system and method using non-competitive consensus algorithm and micro-chain architecture to ensure transaction processing speed, scalability, and security suitable for commercial services" was invented by Jung Geun Lee (Seoul, South Korea), Hyun Ki Lee (Seoul, South Korea), Min Ki Lee (Seoul, South Korea), Jin Su Han (Seoul, South Korea), Young Hoon Jo (Seoul, South Korea) and Beum Gyu Gwak (Seoul, South Korea).

According to the abstract* released by the U.S. Patent & Trademark Office: "Provided is a blockchain provision system using a non-competitive consensus algorithm an...