US Patent Issued to Space Telecommunications on June 17 for "Proof of location and velocity blockchain consensus mechanism system and method" (South Korean, American Inventors)

ALEXANDRIA, Va., June 19 -- United States Patent no. 12,335,739, issued on June 17, was assigned to Space Telecommunications Inc. (Newark, Del.).

"Proof of location and velocity blockchain consensus mechanism system and method" was invented by Scott Hasbrouck (West Melbourne, Fla.) and Tae Lim Oh (Seongnam-si, South Korea).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system and method providing Proof of Location or Proof of Location and Velocity consensus in a blockchain network using radio frequency (RF) signals. Nodes validate the location of other nodes in the network using PING-PONG round trip signal propagation time to determine maximum distances to other nodes. These maximum distances are then share...