US Patent Issued to JINAN UNIVERSITY on Feb. 17 for "Method and system for error-resilient asset transfer in blockchain" (Chinese Inventors)

ALEXANDRIA, Va., Feb. 17 -- United States Patent no. 12,555,110, issued on Feb. 17, was assigned to JINAN UNIVERSITY (Guangzhou, China).

"Method and system for error-resilient asset transfer in blockchain" was invented by Yongdong Wu (Guangzhou, China), Jiao Lu (Guangzhou, China), Shishi Huang (Guangzhou, China), Tong Li (Guangzhou, China), Jian Weng (Guangzhou, China), Zhiquan Liu (Guangzhou, China) and Ming Li (Guangzhou, China).

According to the abstract* released by the U.S. Patent & Trademark Office: "A fault-tolerant asset transferring method is provided to prevent financial losses caused by human errors, specifically unintentional mistakes made by the payer. The system introduces a new definition for blockchain transaction paramete...