US Patent Issued to Bank of America on Jan. 28 for "Blockchain-based digital exchange platform with reduced latency and increased security and efficiency" (Indian Inventors)

ALEXANDRIA, Va., Jan. 29 -- United States Patent no. 12,211,098, issued on Jan. 28, was assigned to Bank of America Corp. (Charlotte, N.C.).

"Blockchain-based digital exchange platform with reduced latency and increased security and efficiency" was invented by Saurabh Uprit (Chennai, India) and Amar Rajendra Tayade (Mumbai, India).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods for executing a transaction with reduced latency and increased security and efficiency on a blockchain-based digital platform are provided. Methods may include establishing a first blockchain node associated with a first entity, identifying cross listed assets of the first entity, calculating an execution suitability...