US Patent Issued to International Business Machines on July 1 for "Token-based identity validation via blockchain" (American, Irish Inventors)

ALEXANDRIA, Va., July 3 -- United States Patent no. 12,348,642, issued on July 1, was assigned to International Business Machines Corp. (Armonk, N.Y.).

"Token-based identity validation via blockchain" was invented by Nitin Gaur (Roundrock, Texas), Sean Dunne (Mulhuddart, Ireland), Petr Novotny (Mount Kisco, N.Y.), Qi Zhang (Elmsford, N.Y.) and Lei Yu (Sleepy Hollow, N.Y.).

According to the abstract* released by the U.S. Patent & Trademark Office: "An example operation may include one or more of receiving, via a first blockchain peer, a request to verify an identity of a user, performing, via the first blockchain peer, an identity validation of the user via a know your customer (KYC) service provider of a blockchain network, determining wh...