US Patent Issued on July 1 for "Telecommunication system and method for settling session transactions" (Massachusetts Inventor)

ALEXANDRIA, Va., July 3 -- United States Patent no. 12,346,896, issued on July 1.

"Telecommunication system and method for settling session transactions" was invented by Noah Rafalko (Holbrook, Mass.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system for validating communications sessions among clients utilizes a ledger administration server to validate requests for communications sessions using smart contracts and recorded on a distributed ledger, with at least one session validation server capable of validating requested communications sessions communicating with said ledger administration server via messages, said communications sessions being validated and initiated in near real-time."

The patent w...