US Patent Issued to Polymath on Sept. 22 for "Distributed cryptographic tokens with downstream administrative control" (Canadian, Argentinean, Barbadian Inventors)

ALEXANDRIA, Va., Sept. 24 -- United States Patent no. 12,743,684, issued on Sept. 22, was assigned to Polymath Inc. (St. Michael, Barbados).

"Distributed cryptographic tokens with downstream administrative control" was invented by Chris Housser (Toronto), Trevor Koverko (Toronto), Pablo Ruiz (Buenos Aires, Argentina) and Adam Dossa (Holetown, Barbados).

According to the abstract* released by the U.S. Patent & Trademark Office: "Disclosed is a platform That enables centralized control over updates to a distributed cryptocurrency network through inclusion of an administrative user to a set of tokens that operate on a base cryptocurrency network but include rule sets that are separate from those of the base cryptocurrency. A plurality of cus...