US Patent Issued to ROCKWELL AUTOMATION TECHNOLOGIES on Jan. 13 for "Performance-based smart contracts in industrial automation" (Ohio, Wisconsin Inventors)

ALEXANDRIA, Va., Jan. 13 -- United States Patent no. 12,523,990, issued on Jan. 13, was assigned to ROCKWELL AUTOMATION TECHNOLOGIES INC. (Mayfield Heights, Ohio).

"Performance-based smart contracts in industrial automation" was invented by Kenneth W. Batcher (Hudson, Ohio), Sharath Chander Reddy Baddam (Twinsburg, Ohio), Juergen K. Weinhofer (Chagrin, Ohio), Timothy S. Biernat (Franklin, Wis.) and David A. Vasko (Hartland, Wis.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Performance-based smart contracts in industrial automation (e.g., using a computerized tool) are enabled. For example, a system can comprise: a memory that stores executable components; and a processor, operatively coupled to the memory,...