US Patent Issued to FMR on Dec. 16 for "Systems and methods for preventing money laundering using master smart contract on blockchain" (Massachusetts Inventors)

ALEXANDRIA, Va., Dec. 16 -- United States Patent no. 12,499,487, issued on Dec. 16, was assigned to FMR LLC (Boston).

"Systems and methods for preventing money laundering using master smart contract on blockchain" was invented by Man Hei Raymond Yim (Cambridge, Mass.), Lu Qin (Revere, Mass.) and Derrick Chan (Weston, Mass.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods are described for preventing money laundering using a master smart contract. A master smart contract may be recorded on a blockchain, in which the master smart contract comprises one or more containers, that each include one or more tokens. The master smart contract is capable of rebalancing tokens in a container, in which ...