US Patent Issued to Visa International Service Association on June 24 for "System, method, and apparatus for implementing a blockchain-based rewards network" (California Inventors)

ALEXANDRIA, Va., June 25 -- United States Patent no. 12,339,835, issued on June 24, was assigned to Visa International Service Association (San Francisco).

"System, method, and apparatus for implementing a blockchain-based rewards network" was invented by Anil Somani (San Jose, Calif.) and Mohamed Nosseir (Castro Valley, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Provided is a computer-implemented method for implementing a blockchain-based rewards network. The method includes establishing a blockchain network including administrative nodes, client nodes, and entity nodes, maintaining a distributed ledger on at least a portion of the administrative nodes of the blockchain network, receiving, from a...