US Patent Issued to Live Nation Entertainment on April 14 for "Digital securitization, obfuscation, policy and commerce of event tickets" (California Inventor)

ALEXANDRIA, Va., April 15 -- United States Patent no. 12,602,670, issued on April 14, was assigned to Live Nation Entertainment Inc. (Beverly Hills, Calif.).

"Digital securitization, obfuscation, policy and commerce of event tickets" was invented by Sanzib Khaund (Walnut Creek, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "The present disclosure provides systems and methods that may convert traditional tickets into secure digital assets protected by cryptographic public/private keys that deploy these tickets on a blockchain. By structuring these tickets as smart digital contracts, such system can act as a self-policing escrow while simultaneously allowing ticket issuers greater control over the ticke...