US Patent Issued to Bank of America on May 6 for "System for tracking resources using non-fungible tokens" (North Carolina Inventors)

ALEXANDRIA, Va., June 10 -- United States Patent no. 12,294,659, issued on May 6, was assigned to Bank of America Corp. (Charlotte, N.C.).

"System for tracking resources using non-fungible tokens" was invented by Michael Robert Young (Davidson, N.C.), James J. Siekman (Charlotte, N.C.) and Richard Seymour Scot (Huntersville, N.C.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems, computer program products, and methods are described herein for tracking resources using non-fungible tokens. The present invention is configured to receive a request for a non-fungible token (NFT) for a resource, wherein the resource is a physical object; initiate a non-fungible token (NFT) generator on the resource; generate ...