US Patent Issued to NANJING UNIVERSITY, MATRICTIME DIGITAL TECHNOLOGY on June 24 for "Method for confirming ownership of digital assets based on hash algorithm and method for tracing to a source of digital assets based on hash algorithm" (Chinese Inventors)

ALEXANDRIA, Va., June 25 -- United States Patent no. 12,341,912, issued on June 24, was assigned to NANJING UNIVERSITY (Jiangsu, China) and MATRICTIME DIGITAL TECHNOLOGY Co. LTD (Jiangsu, China).

"Method for confirming ownership of digital assets based on hash algorithm and method for tracing to a source of digital assets based on hash algorithm" was invented by Zengbing Chen (Nanjing, China), Tongkai Xu (Nanjing, China), Mengya Zhu (Nanjing, China), Boohea Foo (Nanjing, China), Ge Yang (Nanjing, China) and Chengyang Zhao (Nanjing, China).

According to the abstract* released by the U.S. Patent & Trademark Office: "Method for confirming ownership of digital assets based on hash algorithm and method for tracing to a source of digital assets...