US Patent Issued to Veri Labs on July 14 for "Gated control for blockchain units" (California Inventor)

ALEXANDRIA, Va., July 14 -- United States Patent no. 12,682,345, issued on July 14, was assigned to Veri Labs Inc. (Sacramento, Calif.).

"Gated control for blockchain units" was invented by Balazs Nemethi (Sacramento, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A process may cause a gated autonomous program protocol to be stored on a blockchain. The gated autonomous program protocol is configured to exchange a blockchain unit with a gated wrapped blockchain unit that is exchangeable among blockchain addresses that satisfy one or more gating requirements. The process may verify that an account associated with a particular blockchain address of the blockchain satisfies the one or more gating requirem...