ALEXANDRIA, Va., June 25 -- United States Patent no. 12,340,376, issued on June 24, was assigned to Rebate Assets LLC (Rockford, Ill.).
"Representing a contingent asset" was invented by Peter M. Shannon III (Western Springs, Ill.) and Gary W. Grube (Barrington Hills, Ill.).
According to the abstract* released by the U.S. Patent & Trademark Office: "A method includes an object owner computing entity issuing a digital record representing a contingent asset to a marketplace computing entity that identifies an asset authenticity computing entity. The method further includes the asset authenticity computing entity generating an authenticity indicator associated with the contingent asset and the marketplace computing entity determining that the...