US Patent Issued to Gemini IP on Sept. 22 for "Blockchain-based fraud prevention" (Washington, New York, Rhode Island Inventors)

ALEXANDRIA, Va., Sept. 24 -- United States Patent no. 12,743,700, issued on Sept. 22, was assigned to Gemini IP LLC (New York).

"Blockchain-based fraud prevention" was invented by Rich Smith (Barrington, R.I.), Nicholas Hamilton Steele (Brooklyn, N.Y.) and Baron von Oldenburg (Shoreline, Wash.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Disclosed are various embodiments for blockchain-based fraud prevention. A smart contract can receive a request to add a wallet address to a table or list of compromised wallet addresses of a blockchain network. The smart contract can then verify that the request is signed by an authorized wallet address. In response to a verification that the request is signed by the auth...