US Patent Issued to PayPal on Nov. 18 for "Verification system for proving authenticity and ownership of digital assets" (American, Israeli Inventors)

ALEXANDRIA, Va., Nov. 18 -- United States Patent no. 12,476,819, issued on Nov. 18, was assigned to PayPal Inc. (San Jose, Calif.).

"Verification system for proving authenticity and ownership of digital assets" was invented by Rivka Aspler-Yaskil (Hod Hasharon, Israel), Mehak Jethmalani (Jersey City, N.J.) and Michael Jim Tien Chan (San Jose, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Methods and systems described herein may implement blockchain asset authentication. A verification system may generate an encryption key associated with a digital asset, wherein the digital asset is associated with a first entity. The verification system may sign the digital asset using the encryption key. The verifi...