US Patent Issued to Bank of America on July 22 for "Customized token rules generation system" (Florida, New York, North Carolina, New Jersey, Texas Inventors)

ALEXANDRIA, Va., July 23 -- United States Patent no. 12,368,708, issued on July 22, was assigned to Bank of America Corp. (Charlotte, N.C.).

"Customized token rules generation system" was invented by Jeff Lojko (Miami), Prabhat Ranjan (Plano, Texas), Monika Kapur (Jacksonville, Fla.), Siten Sanghvi (Westfield, N.J.), Steven Greene (New York) and Naga Vamsi Krishna Akkapeddi (Charlotte, N.C.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Various aspects of the disclosure relate to distributed ledger computing systems and customizing tokens for securing and facilitating transactions recorded in the distributed ledger. A token customization module may be used to build customized controls into a token for use in...