Intellectual Property India Publishes Patent Application for 'A Hardware Token Transaction Unit Managing Device And A Method' Filed by Giesecke+Devrient advance52 GmbH

MUMBAI, India, June 6 -- Intellectual Property India has published a patent application (202414091630 A) filed by Giesecke+Devrient advance52 GmbH, Munchen, Germany, on Nov. 25, 2024, for 'a hardware token transaction unit managing device and a method.'

Inventor(s) include Dr. Abbas Ahmed Abdullah Albasha.

The application for the patent was published on June 6, under issue no. 23/2025.

According to the abstract released by the Intellectual Property India: "The invention relates to a hardware token transaction unit managing device (100) within a token-based electronic transaction system (TS), comprising a hardware token transaction unit storage (200) configured for physically storing at least one new and/or used hardware token transaction...