US Patent Issued to KNOX NETWORKS on May 20 for "Systems, methods and schema for cryptographic promissory files" (Washington Inventor)

ALEXANDRIA, Va., June 16 -- United States Patent no. 12,307,442, issued on May 20, was assigned to KNOX NETWORKS INC. (New York).

"Systems, methods and schema for cryptographic promissory files" was invented by Ryan Michael Tate (Tacoma, Wash.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems, methods and schema for issuing, authorizing, sending, receiving, verifying and reporting cryptographic promissory files. Collectively, these systems, methods and schema enable implementation of a secure, concurrent and high-volume cryptographic digital money infrastructure for reserve and commercial monetary transactions."

The patent was filed on Dec. 16, 2022, under Application No. 18/082,630.

*For further info...