US Patent Issued to STEEL American Luxury on Feb. 25 for "Blockchain-based asset authentication methods and systems" (Illinois Inventor)

ALEXANDRIA, Va., Feb. 26 -- United States Patent no. 12,238,232, issued on Feb. 25, was assigned to STEEL American Luxury LLC (Winnetka, Ill.).

"Blockchain-based asset authentication methods and systems" was invented by Nicole Steel (Winnetka, Ill.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods for blockchain-based asset authentication are described. The disclosed embodiments leverage the traceability and immutability of blockchains (or distributed ledgers, in general) to enable the authentication and ownership of assets, e.g., luxury goods. In an example, this is achieved by first pairing an authentication chip with a physical product, and writing a transaction correlated with the first ...