US Patent Issued to Red Hat on Dec. 9 for "Managing cloud resource consumption using distributed ledgers" (Irish Inventors)

ALEXANDRIA, Va., Dec. 9 -- United States Patent no. 12,493,901, issued on Dec. 9, was assigned to Red Hat Inc. (Raleigh, N.C.).

"Managing cloud resource consumption using distributed ledgers" was invented by Brian Gallagher (Waterford, Ireland) and Cathal O'Connor (Waterford, Ireland).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods of the disclosure include: identifying, by a cloud resource management system, a cloud resource consumption model associated with one or more cloud resources; generating, by the cloud resource management system, a sequence of instructions implementing a smart contract based on the cloud resource consumption model; sending, to a distributed ledger network, the sma...