US Patent Issued to Microsoft Technology Licensing on Aug. 25 for "Verifiable, decentralized zero-knowledge central bank digital currency" (Chinese, American Inventors)

ALEXANDRIA, Va., Aug. 25 -- United States Patent no. 12,719,687, issued on Aug. 25, was assigned to Microsoft Technology Licensing LLC (Redmond, Wash.).

"Verifiable, decentralized zero-knowledge central bank digital currency" was invented by Srinath Setty (Redmond, Wash.), Weidong Cui (Bellevue, Wash.), Yan Zhang (Beijing), Fei Xu (Beijing), Qi Zhang (Beijing), Feng Sun (Beijing), Jingchang Sun (Beijing), Han Li (Suzhou, China), Jia Wei (Beijing), Kanwen Li (Suzhou, China) and Chenxin Yan (Beijing).

According to the abstract* released by the U.S. Patent & Trademark Office: "A zero-knowledge CBDC (zkCBDC) banking system uses zero-knowledge proofs to prove that commercial banks are processing transactions correctly. Commercial banks are the...