US Patent Issued to JPMORGAN CHASE BANK on Feb. 10 for "Global layer 1 programmable ledgers" (Singaporean, American Inventors)

ALEXANDRIA, Va., Feb. 11 -- United States Patent no. 12,548,034, issued on Feb. 10, was assigned to JPMORGAN CHASE BANK N.A. (New York).

"Global layer 1 programmable ledgers" was invented by Umar Farooq (New York), Naveen Mallela (Singapore) and Wee Kee Toh (Long Island City, N.Y.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Global layer 1 programmable ledgers are disclosed. According to an embodiment, a global layer 1 programmable ledger may include: a plurality of nodes comprising a shared capabilities and components tier comprising foundational applications and functional applications, and a financial institution applications tier comprising financial institution application, wherein the global layer 1 ...