US Patent Issued to ISLAMIC DEVELOPMENT BANK INSTITUTE on April 22 for "Blockchain based smart voucher system" (Saudi Arabia Inventors)

ALEXANDRIA, Va., June 6 -- United States Patent no. 12,282,916, issued on April 22, was assigned to ISLAMIC DEVELOPMENT BANK INSTITUTE (Jeddah, Saudi Arabia).

"Blockchain based smart voucher system" was invented by Sami Al Suwailem (Jeddah, Saudi Arabia), Hilal Houssain (Jeddah, Saudi Arabia) and Mohammed Obaidullah (Jeddah, Saudi Arabia).

According to the abstract* released by the U.S. Patent & Trademark Office: "A computer-implemented blockchain based voucher method and system, the method including: recording in a blockchain network, with a user computing device of a user with at least one blockchain based voucher, a purchase request that identifies a proposed purchase with an authorized provider, a purchase amount and the voucher, wher...