ALEXANDRIA, Va., June 12 -- United States Patent no. 12,299,662, issued on May 13, was assigned to PayPal Inc. (San Jose, Calif.).
"Decentralized transaction processing" was invented by Balaji Srinivasaraghavan (Chennai, India), Poorna Vaidyanathan (Chennai, India) and Tamilarasan Sundaresan (Chennai, India).
According to the abstract* released by the U.S. Patent & Trademark Office: "A system can comprise a processor, and a memory that stores executable instructions that, when executed by the processor, facilitate performance of operations, comprising receiving transaction data representative of a group of transaction settlement requests, based on the group of transaction settlement requests, determining subgroups of transaction settlemen...