US Patent Issued to American Express Travel Related Services on June 24 for "Systems and methods for blockchain based payment networks" (Arizona, California Inventors)

ALEXANDRIA, Va., June 25 -- United States Patent no. 12,340,374, issued on June 24, was assigned to American Express Travel Related Services Co. Inc. (New York).

"Systems and methods for blockchain based payment networks" was invented by Sastry Durvasula (Phoenix), Andras Ferenczi (Peoria, Ariz.), Upendra Mardikar (San Jose, Calif.), Keshav Narsipur (Chandler, Ariz.), Vishnuvajhala Subrahmanyam (Phoenix) and Sathish B. Muthukrishnan (Phoenix).

According to the abstract* released by the U.S. Patent & Trademark Office: "The present disclosures presents system and methods for blockchain based payment networks. One such method comprises preparing, by a payment network, a request to complete a transaction from an digital currency account assoc...