US Patent Issued to NIKE on March 24 for "System and method for providing cryptographically secured digital assets" (Oregon Inventors)

ALEXANDRIA, Va., March 24 -- United States Patent no. 12,587,375, issued on March 24, was assigned to NIKE Inc. (Beaverton, Ore.).

"System and method for providing cryptographically secured digital assets" was invented by Christopher Andon (Portland, Ore.), Matthew Davis (Portland, Ore.), Hien Tommy Pham (Beaverton, Ore.) and Jeremy Schroeder (Tigard, Ore.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method of provisioning or distributing a cryptographic digital asset and supervising a secondary transfer of the digital asset includes receiving a transaction confirmation indicative of a completed transaction of a product from a first party to a second party; determining or receiving a unique owner identif...