US Patent Issued to The Hong Kong University of Science and Technology on Dec. 16 for "System and method for cost management using blockchain and encryption" (Chinese Inventors)

ALEXANDRIA, Va., Dec. 16 -- United States Patent no. 12,500,737, issued on Dec. 16, was assigned to The Hong Kong University of Science and Technology (Hong Kong).

"System and method for cost management using blockchain and encryption" was invented by Jack Chin Pang Cheng (Hong Kong), Hao Liu (Hong Kong), Moumita Das (Hong Kong), Xingyu Tao (Hong Kong), Jielong Gan (Hong Kong) and Shanjing Zhou (Hong Kong).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system for cost management using blockchain and encryption is provided. The system includes an access interface, a recorder, a determinator, a key generator, an encryptor, and a decryptor. The access interface is configured to provide a platform for users to ...