US Patent Issued to First American Title on June 23 for "Blockchain-based property ownership tracking and verification" (Kansas, Washington, Georgia Inventors)

ALEXANDRIA, Va., July 15 -- United States Patent no. 12,664,533, issued on June 23, was assigned to First American Title Co. (Santa Ana, Calif.).

"Blockchain-based property ownership tracking and verification" was invented by Nicole Leigh Thompson (Atlanta), Todd Garrett Jones (Kansas City, Kan.) and Jayson Eric Murray (Seattle).

According to the abstract* released by the U.S. Patent & Trademark Office: "An improved blockchain network is described herein in which participants in the blockchain network can verify that a user has the right to transfer physical, real, or tangible property represented by a digital asset (e.g., a token, such as a non-fungible token) and implement the transfer. Thus, the improved blockchain network is more secu...