US Patent Issued to Wells Fargo Bank on March 24 for "Bank-driven model for preventing double spending of digital currency coexisting on multiple DLT networks" (California, North Carolina, Arizona, Minnesota Inventors)

ALEXANDRIA, Va., March 24 -- United States Patent no. 12,586,061, issued on March 24, was assigned to Wells Fargo Bank N.A. (San Francisco).

"Bank-driven model for preventing double spending of digital currency coexisting on multiple DLT networks" was invented by Abhijit Shetti (Pleasanton, Calif.), Laura Marie Fontana (San Francisco), Rameshchandra B. Ketharaju (San Francisco), Andrew J. Garner IV (State Road, N.C.), Nikolai Stroke (Gilbert, Ariz.), Duc Trinh (Golden Valley, Minn.), Mabel Oza (San Francisco) and Todd Biggs (San Francisco).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system and method for preventing the double-spending of digital currency that transfers between multiple DLT networks. The ...