US Patent Issued to Livegage on April 8 for "System and method for implementing a blockchain platform that creates and manages secured tokens" (Pennsylvania, New Jersey Inventors)

ALEXANDRIA, Va., April 9 -- United States Patent no. 12,271,892, issued on April 8, was assigned to Livegage Inc. (Morganville, N.J.).

"System and method for implementing a blockchain platform that creates and manages secured tokens" was invented by Anupam Sarwaikar (Morganville, N.J.) and Bhaktavatsalam Yadlapalli (Mechanicsburg, Pa.).

According to the abstract* released by the U.S. Patent & Trademark Office: "An embodiment of the present invention is directed to storing a loan asset on a blockchain by using a secured note as a unique secured token (or non-fungible token (NFT)). An embodiment of the present invention may provide tokenization of a note to service a residential mortgage debt on a private blockchain. As recognized by an emb...