US Patent Issued to Interledger Foundation on June 3 for "Temporary consensus subnetwork in a distributed network for payment processing" (California, Texas Inventors)

ALEXANDRIA, Va., June 4 -- United States Patent no. 12,321,905, issued on June 3, was assigned to Interledger Foundation Inc. (Tampa, Fla.).

"Temporary consensus subnetwork in a distributed network for payment processing" was invented by Stefan Thomas (San Francisco) and Robert D. Way (Spring, Texas).

According to the abstract* released by the U.S. Patent & Trademark Office: "In a method, computer readable medium, or system for making a payment transaction between a payor having an associated payor computer with a ledger storage for the payor and a payee having an associated payee computer with a ledger storage for the payee in a consensus payment network having a plurality of nodes each comprising a respective computer with ledger storag...