US Patent Issued to Avalara on June 3 for "Automated systems and methods for an electronic ledger" (North Carolina Inventor)

ALEXANDRIA, Va., June 4 -- United States Patent no. 12,321,993, issued on June 3, was assigned to Avalara Inc. (Seattle).

"Automated systems and methods for an electronic ledger" was invented by Andrew Brandon Chan (Chapel Hill, N.C.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Automated systems and methods for a secure electronic ledger provide a technical solution such that entities referencing the electronic ledger that are associated with a relationship instance can (a) form a consensus that the outcome of the relationship instance is legitimate and (b) determine whether future relationship instances between entities are compliant. An authority entity publishes to the secure electronic ledger data on w...