ALEXANDRIA, Va., Nov. 11 -- United States Patent no. 12,470,414, issued on Nov. 11, was assigned to 2BC Innovations LLC (Barrington, Ill.).
"Securely processing a contingent action token" was invented by Gary W. Grube (Barrington Hills, Ill.).
According to the abstract* released by the U.S. Patent & Trademark Office: "A method executed by a computing device includes determining whether baseline content associated with a longevity-contingent instrument is qualified for a proposed a non-fungible token (NFT) for an object distributed ledger. The baseline content includes an obligation provider identifier (ID) and an outcome recipient ID. When the baseline content is qualified, the method further includes determining an availability status fo...