US Patent Issued to Numeraire Financial on May 13 for "Asset transfer using decentralized ledger technology based on biological relationship" (American, Emirati Inventors)

ALEXANDRIA, Va., June 12 -- United States Patent no. 12,299,699, issued on May 13, was assigned to Numeraire Financial Inc. (Chicago).

"Asset transfer using decentralized ledger technology based on biological relationship" was invented by Alexander Lipton (Abu Dhabi, United Arab Emirates) and Thomas P. Hardjono (Winchester, Mass.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Asset transfer using decentralized ledger technology based on a biological relationship between a claimant and a person associated with a physical product instance. The provenance of the physical product instance is traced using cryptography and decentralized ledger technology. For example, mechanisms to restrict ownership of the physic...