US Patent Issued to LITH on Aug. 12 for "Generating and maintaining digital tokens on a blockchain using physical device identifiers" (Texas, California Inventors)

ALEXANDRIA, Va., Aug. 12 -- United States Patent no. 12,387,199, issued on Aug. 12, was assigned to LITH LLC (Dallas).

"Generating and maintaining digital tokens on a blockchain using physical device identifiers" was invented by Andrew Rymer (Dallas), Adam Roorda (Burbank, Calif.) and Ronald Steelman (Northlake, Texas).

According to the abstract* released by the U.S. Patent & Trademark Office: "Certain aspects of the present disclosure provide techniques for generating digital tokens associated with an asset on a blockchain. An example method generally includes receiving a request to create a digital token corresponding to an asset. A first private key is received. This first private key may be associated with a wallet in which the digita...