US Patent Issued to Homium on Aug. 25 for "Blockchain-based shared appreciation note" (California Inventors)

ALEXANDRIA, Va., Aug. 25 -- United States Patent no. 12,718,293, issued on Aug. 25, was assigned to Homium Inc. (Sherman Oaks, Calif.).

"Blockchain-based shared appreciation note" was invented by David Jette (Los Angeles) and Brett Markinson (Sherman Oaks, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Blockchain-based systems and methods related to creating and distributing cryptographically secure, digital tokens representing equity in assets corresponding to loan agreements. The system may comprise a transaction interface portal configured to collect and manage information pertaining to the origination of a loan agreement or a token transaction agreement. The system may include an underwriting smar...