ALEXANDRIA, Va., June 16 -- United States Patent no. 12,307,454, issued on May 20, was assigned to PAYPAL INC. (San Jose, Calif.).
"Laundering detection in second layer networks" was invented by Muhammad Saad (Scottsdale, Ariz.), Jakub Burgis (Scottsdale, Ariz.) and Raoul Johnson (Scottsdale, Ariz.).
According to the abstract* released by the U.S. Patent & Trademark Office: "Methods and systems are presented for tracking activities that occur off of a first layer blockchain in in a second layer network built on the first layer blockchain. In one embodiment, a computer system determines that a transfer of cryptocurrency from a first node to a second node has transpired in the second layer network based on querying channel capacities in the...