ALEXANDRIA, Va., July 16 -- United States Patent no. 12,361,484, issued on July 15, was assigned to Crediot Inc. (Las Vegas).

"Method and system for tracking personal property collateral" was invented by Steven Mack (Las Vegas).

According to the abstract* released by the U.S. Patent & Trademark Office: "A tracking and recording system is provided for tracking and documenting personal property. Personal property, such as electronic or "IOT" devices having a communication interface, are placed in communication with a tracking system which receives information from those items of personal property and utilizes that information to verify the location and/or existence of the property. A record of the personal property may also be created which...