US Patent Issued to Bank of America on July 15 for "Zero trust enable intelligent apparatus to register IoT devices for payment leveraging non fungible token" (Indian Inventor)

ALEXANDRIA, Va., July 16 -- United States Patent no. 12,361,416, issued on July 15, was assigned to Bank of America Corp. (Charlotte, N.C.).

"Zero trust enable intelligent apparatus to register IoT devices for payment leveraging non fungible token" was invented by Shailendra Singh (Maharashtra, India).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods are disclosed for validating transactions executed by Internet of Things (IoT) devices leveraging non fungible tokens (NFTs) stored on a blockchain. The system generates a first NFT paired with metadata associated with an IoT device, a second NFT paired with metadata associated with a transaction requested by the IoT device, and a third NFT mergi...