US Patent Issued to NATIONAL PAYMENTS CORPORATION OF INDIA on April 7 for "System for data archival in a blockchain network and a method thereof" (Indian Inventors)

ALEXANDRIA, Va., April 7 -- United States Patent no. 12,596,674, issued on April 7, was assigned to NATIONAL PAYMENTS CORPORATION OF INDIA (Mumbai, India).

"System for data archival in a blockchain network and a method thereof" was invented by Sarang Vinayak Bhoyar (Nagpur, India), Tittu Varghese (Alappuzha, India) and Vishal Anand Kanvaty (Hyderabad, India).

According to the abstract* released by the U.S. Patent & Trademark Office: "The present invention envisages a system (100) for data archival in a blockchain network (20). The blockchain network (20) comprises a plurality of participating nodes, each categorized either as an archiver node (A1-A3) or a non-archiver node (N1-N3). The archiver nodes (A1-A3) maintain a database (102) comp...