US Patent Issued to First Genesis on Sept. 15 for "Oil and gas production and distribution blockchain systems and methods implementing same" (Texas Inventors)

ALEXANDRIA, Va., Sept. 15 -- United States Patent no. 12,739,138, issued on Sept. 15, was assigned to First Genesis Inc. (Houston).

"Oil and gas production and distribution blockchain systems and methods implementing same" was invented by Henry H. Ren (Richmond, Texas) and Ronald Watty (Sugar Land, Texas).

According to the abstract* released by the U.S. Patent & Trademark Office: "Apparatuses and systems and interfaces and methods implementing them including a virtual actor architecture that receives real-time, near real-time, and/or periodic data and information concerning oil/gas upstream, midstream, and downstream facilities via virtual actors, stores the real-time, near real-time, and/or periodic data and information in block of one o...