US Patent Issued to Skychain on Feb. 17 for "Symmetrical issuance and destruction system for right and obligation tokens and method thereof" (Taiwanese Inventors)

ALEXANDRIA, Va., Feb. 17 -- United States Patent no. 12,556,391, issued on Feb. 17, was assigned to Skychain Co. LTD. (Taipei, Taiwan).

"Symmetrical issuance and destruction system for right and obligation tokens and method thereof" was invented by Chen-Hsuan Wang (Taipei, Taiwan), Jiann-Min Yang (Taipei, Taiwan) and Scott Miau (Taipei, Taiwan).

According to the abstract* released by the U.S. Patent & Trademark Office: "A symmetrical issuance and destruction system for right and obligation tokens are disclosed. In the system, obligation tokens corresponding to obligations are issued through an obligation token contract and delivered to a right token contract, and the right tokens are symmetrically generated and delivered to the right hold...