US Patent Issued to The Precision Resource Group on Aug. 11 for "Localized smart contract banking system and method" (New Jersey Inventor)

ALEXANDRIA, Va., Aug. 12 -- United States Patent no. 12,705,598, issued on Aug. 11, was assigned to The Precision Resource Group LLC.

"Localized smart contract banking system and method" was invented by Antonio Blazevige (Hillsborough, N.J.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A localized smart contract banking system including a local banking hub located at each of a plurality of individual merchant facilities, a private wireless network implemented by each of the local banking hubs and providing for communication between local banking hubs located at neighboring merchant facilities within range of the private wireless networks, a local gateway installed at specific local banking hubs providing ac...