US Patent Issued to PORTABLE DATA on May 13 for "Apparatuses and methods for facilitating cryptographically mediated organizations and tokens and related interactions" (California Inventors)

ALEXANDRIA, Va., June 12 -- United States Patent no. 12,301,725, issued on May 13, was assigned to PORTABLE DATA Corp. (Oakland, Calif.).

"Apparatuses and methods for facilitating cryptographically mediated organizations and tokens and related interactions" was invented by James Fournier (Nicasio, Calif.), Victor Grey (Concord, Calif.) and Jared Grippe (Grass Valley, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method for facilitating decentralized autonomous organizations (DAOs) includes, using one or more computer processors, receiving, from each of a plurality of parties, one or more inputs. Based on the inputs a contract is established between and among the parties providing governance for a D...