US Patent Issued to IOT-eq on March 3 for "Devices, systems and methods for autonomously monitoring customer use of equipment and billing via a blockchain network" (Texas Inventors)

ALEXANDRIA, Va., March 3 -- United States Patent no. 12,567,090, issued on March 3, was assigned to IOT-eq LLC (Spring, Texas).

"Devices, systems and methods for autonomously monitoring customer use of equipment and billing via a blockchain network" was invented by Blake Burnette (Magnolia, Texas), Brad Brooks (Magnolia, Texas), Iniaki Zuloaga (Tomball, Texas) and Jose Guerrero (Spring, Texas).

According to the abstract* released by the U.S. Patent & Trademark Office: "An apparatus for charging fees to a renter of equipment based upon wear to an item of equipment is disclosed herein. The apparatus can include a communications device proximal to the equipment that charges the renter, via a connected blockchain network, based off of the amo...