US Patent Issued to Bank of America on July 8 for "Cross chained aggregated hash token validation system" (Indian Inventors)

ALEXANDRIA, Va., July 9 -- United States Patent no. 12,355,893, issued on July 8, was assigned to Bank of America Corp. (Charlotte, N.C.).

"Cross chained aggregated hash token validation system" was invented by Vijay Kumar Yarabolu (Hyderabad, India) and Gowthaman Sundararaj (Chennai, India).

According to the abstract* released by the U.S. Patent & Trademark Office: "A simplified IoT network validation process includes improvements to enrollment of IoT devices onto the IoT network and authentication of active IoT devices during IoT network operation. A random cipher text is created upon device enrollment and shared to each device in the network. Additionally, a random peer-to-peer cross reference communication pattern is established among...