US Patent Issued to Wells Fargo Bank on Aug. 25 for "Tiered distributed ledger" (New York, New Jersey, Connecticut Inventors)

ALEXANDRIA, Va., Aug. 25 -- United States Patent no. 12,719,661, issued on Aug. 25, was assigned to Wells Fargo Bank N.A. (San Francisco).

"Tiered distributed ledger" was invented by Niladri Bhattacharya (Livingston, N.J.), Frank H. Dix (New York) and Michael Charles Reynolds (Avon, Conn.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Various examples are directed to systems and methods for using a tiered distributed ledger. The financial institution system may access onboarding request data from a computing device associated with a first prospective customer and use identifier data included in the onboarding request data to identify a first block of a distributed ledger comprising first data describing the ...