US Patent Issued on Oct. 7 for "Decentralized transaction system and method of operating decentralized transaction system" (British Inventors)

ALEXANDRIA, Va., Oct. 8 -- United States Patent no. 12,437,278, issued on Oct. 7.

"Decentralized transaction system and method of operating decentralized transaction system" was invented by Humayun Munir Sheikh (Bury St Edmunds, Great Britain), Chirag Maliwal (Bury St Edmunds, Great Britain) and Mehul Surendra Gaidhani (Bury St Edmunds, Great Britain).

According to the abstract* released by the U.S. Patent & Trademark Office: "Disclosed is decentralized transaction system comprising computing nodes to implement platform, computing node(s) is configured to: receive, from first user device (FUD), first request for first trade (FT), first smart contract (FSC) to lock funds for FT; receive, from second user device, second request for second t...