US Patent Issued to Vendia on July 22 for "Efficient and secure blockchains using cloud resource primitives" (Washington Inventor)

ALEXANDRIA, Va., July 23 -- United States Patent no. 12,367,487, issued on July 22, was assigned to Vendia Inc. (San Francisco).

"Efficient and secure blockchains using cloud resource primitives" was invented by Timothy Allen Wagner (Seattle).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods are disclosed for efficient creation of blocks on a blockchain by utilization of trusted cloud primitives. As opposed to inefficient mechanisms like proof-of-work or application-limited mechanisms like proof-of-stake, embodiments of the present disclosure implement a consensus algorithm by execution of verifiably immutable code on one or more hosted computing environments that are mutually trusted by part...