US Patent Issued to THE ONLI on July 8 for "Secure storage and/or transfer of distributed ledger token through a possession token storing a private key controlling the ledger token" (Arizona Inventors)

ALEXANDRIA, Va., July 9 -- United States Patent no. 12,354,082, issued on July 8, was assigned to THE ONLI Corp..

"Secure storage and/or transfer of distributed ledger token through a possession token storing a private key controlling the ledger token" was invented by Dhryl Anton (Paradise Valley, Ariz.) and Michael McFall (Paradise Valley, Ariz.).

According to the abstract* released by the U.S. Patent & Trademark Office: "In one embodiment, a method may include generating a first public-private key pair having a public key usable as a public address of the ledger token of a distributed ledger network and a private key usable to transfer the ledger token of the distributed ledger network. The method may verify that a ledger transaction oc...