US Patent Issued to Trade Capital on March 24 for "Method and system for managing inventory" (California, Nevada Inventors)

ALEXANDRIA, Va., March 24 -- United States Patent no. 12,586,028, issued on March 24, was assigned to Trade Capital Corp. (Menlo Park, Calif.).

"Method and system for managing inventory" was invented by Michael C. Doran (Menlo Park, Calif.), Sanjay Bonde (Menlo Park, Calif.) and Shiva Sandy (Reno, Nev.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods of managing inventory include a hybrid distributed computing system and database for recording title to the inventory in a third party after the inventory has been delivered to a location accessible to a producer (e.g., a user of the inventory). The cost and accounting of the inventory can then be managed separately from the physical possession...