US Patent Issued to KPMG on Sept. 23 for "Modular, configurable smart contracts for blockchain transaction processing" (New York, Illinois, New Jersey Inventors)

ALEXANDRIA, Va., Sept. 23 -- United States Patent no. 12,423,693, issued on Sept. 23, was assigned to KPMG LLP (New York).

"Modular, configurable smart contracts for blockchain transaction processing" was invented by Nikola G. Ognjanovic (Medford, N.Y.), David Richard Jarczyk (McHenry, Ill.), Michal Pol (Mahwah, N.J.) and Jenny Li (New York).

According to the abstract* released by the U.S. Patent & Trademark Office: "The invention relates to systems and methods for providing modular and configurable smart contracts for blockchain applications. The smart contracts may be utilized to retain all transaction attribute values in a world state database of the blockchain-implemented ledger. The systems and methods can further provide for dynamic...