US Patent Issued on May 6 for "Validating transactions electronically using proof of reception validation protocol" (New Jersey Inventor)

ALEXANDRIA, Va., June 10 -- United States Patent no. 12,293,369, issued on May 6.

"Validating transactions electronically using proof of reception validation protocol" was invented by Sean Koh (Fort Lee, N.J.).

According to the abstract* released by the U.S. Patent & Trademark Office: "In an example method, a distributed transaction network includes a first computing node and a second computing node. The second computing node receives a data record from the first computing node, including an indication of a proposed transaction, an indication of a transaction value associated with the proposed transaction, and an indication of a smart contract associated with the proposed transaction. The second computing node validates the proposed trans...