US Patent Issued to International Business Machines on Feb. 24 for "Decentralized digital identity exchange for fraud detection" (Australian Inventors)

ALEXANDRIA, Va., Feb. 24 -- United States Patent no. 12,561,687, issued on Feb. 24, was assigned to International Business Machines Corp. (Armonk, N.Y.).

"Decentralized digital identity exchange for fraud detection" was invented by Anthony Galiamov (Olinda, Australia) and David Moore (Carrara, Australia).

According to the abstract* released by the U.S. Patent & Trademark Office: "A decentralized digital identity exchange (IDX) is provided. In response to receiving a request for identity verification of a user, the IDX transmits, to a digital wallet associated with the user, a request for current biometric data. The current biometric data is received from the digital wallet and a biometric liveness check is performed. In response to the bi...