ALEXANDRIA, Va., July 9 -- United States Patent no. 12,354,085, issued on July 8, was assigned to PayPal Inc. (San Jose, Calif.).
"Using an internal ledger with blockchain transactions" was invented by Charles Gabriel Neale Dalton (San Jose, Calif.).
According to the abstract* released by the U.S. Patent & Trademark Office: "Systems, methods, and computer-readable media disclosed herein relate to reducing computation and computing resources for certain blockchain related transactions. Specifically, software algorithms and architecture allow some transactions to avoid the need for recordation on a blockchain, which can be computationally expensive both for a requesting device and for various nodes on the blockchain. Thus, a computer system...