US Patent Issued to Arrowhead Center on Feb. 18 for "Revocable and traceable blockchain rewrites using attribute-based cryptosystems" (New Mexico Inventors)

ALEXANDRIA, Va., Feb. 19 -- United States Patent no. 12,229,302, issued on Feb. 18, was assigned to Arrowhead Center Inc. (Las Cruces, N.M.).

"Revocable and traceable blockchain rewrites using attribute-based cryptosystems" was invented by Gaurav Panwar (Las Cruces, N.M.), Roopa Vishwanathan (Las Cruces, N.M.) and Satyajayant Misra (Las Cruces, N.M.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Method and apparatus for efficient and authorized rewriting of records already written to a blockchain. Mutable transactions will make a fraction of all blockchain transactions, but will be a necessity to meet the needs of privacy regulations, for example the General Data Protection Regulation. Embodiments of the pre...