US Patent Issued to THE HONGKONG AND SHANGHAI BANKING on Aug. 26 for "Integration of blockchain transactions with off-chain processing" (Chinese, British, Singaporean Inventors)

ALEXANDRIA, Va., Aug. 26 -- United States Patent no. 12,400,227, issued on Aug. 26, was assigned to THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (Singapore).

"Integration of blockchain transactions with off-chain processing" was invented by Steven Bin Hu (Singapore), Frederick Lok Fai Kwan (Kowloon, Hong Kong), Ka Man Ng (Diamond Hill, Hong Kong), Wing-wai Lee (Tsuen Wan, Hong Kong), Craig Ramsay (Bedfordshire, Great Britain) and Lei Sun (Hong Kong, Hong Kong).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system for performing a coordinated transaction is disclosed, involving a digital asset transaction performed on a blockchain and a payment transaction performed at a payment processing system. T...