ALEXANDRIA, Va., July 16 -- United States Patent no. 12,361,394, issued on July 15, was assigned to R3 LTD. (London).
"Protocol flow for notarizing a transaction" was invented by Michael Christopher Hearn (Zurich) and Qurratul Ain Shams Asari (London).
According to the abstract* released by the U.S. Patent & Trademark Office: "A method and system are provided to support a decentralized distributed ledger in which transactions are recorded by parties to the transactions without the use of a blockchain. A distributed ledger system provides a protocol framework that supports the development of protocol flows. A protocol flow is computer code that controls the performance of a transaction by the party or parties to the transaction. Protocol f...