US Patent Issued on July 29 for "Asset identification, registration, tracking and commercialization apparatuses and methods" (New York Inventors)

ALEXANDRIA, Va., July 30 -- United States Patent no. 12,370,622, issued on July 29.

"Asset identification, registration, tracking and commercialization apparatuses and methods" was invented by Bruno Scarselli (New York) and Benoit J. P. Flammang (New York).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method of tokenization and use of assets, comprising: a) registering at least one asset on a distributed ledger; b) assigning the at least one asset a fungible or non-fungible token with a public key; c) reading information about the at least one asset using a reading device; d) verifying ownership of the at least one asset using a private key which matches the public key; and, e) performing a transaction wit...