US Patent Issued to CITIBANK on July 1 for "Systems and methods for seamlessly processing transactions using distributed ledger technology in a legacy system infrastructure" (Singaporean, Chinese Inventors)

ALEXANDRIA, Va., July 3 -- United States Patent no. 12,346,905, issued on July 1, was assigned to CITIBANK N.A. (New York).

"Systems and methods for seamlessly processing transactions using distributed ledger technology in a legacy system infrastructure" was invented by Aseem Agrawal (Singapore), Chirdeep Singh Chhabra (Singapore) and Karim Abdelkader Chabane (Hong Kong).

According to the abstract* released by the U.S. Patent & Trademark Office: "A computer-implemented method for seamlessly processing transactions using distributed ledger technology. The method may comprise: linking one or more conventional accounts hosted in a conventional banking infrastructure to one or more DLT-based client accounts hosted on a distributed ledger, whe...