US Patent Issued to Visa International Service Association on Nov. 11 for "Methods and systems for ownership verification using blockchain" (California Inventors)

ALEXANDRIA, Va., Nov. 11 -- United States Patent no. 12,470,399, issued on Nov. 11, was assigned to Visa International Service Association (San Francisco).

"Methods and systems for ownership verification using blockchain" was invented by Mohamed Nosseir (Castro Valley, Calif.), Anil Somani (Foster City, Calif.) and Quan Wang (Foster City, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A blockchain system for ownership verification may include one or more issuer network nodes and one or more verification network nodes. An issuer network node may be configured to receive a request including a public key to issue a credential, provision the credential to the communication device, generate a payload deriv...