ALEXANDRIA, Va., Oct. 28 -- United States Patent no. 12,450,651, issued on Oct. 21.
"Auction system incorporating blockchain, smart contracts and algorithm" was invented by Marcin Marek Samiec (Wroclaw, Poland).
According to the abstract* released by the U.S. Patent & Trademark Office: "Disclosed in the present invention an auction system incorporating blockchain and smart contracts and algorithm, which operates using block-chain, algorithm and smart contracts and non-fungible tokens and fungible tokens built on EVM compliant blockchains and off-chain service. The auction system that has the Auction Smart Contract deployed on all supported blockchain and the web pages that allow to create the auction, bid, store auction calculation, withd...