US Patent Issued to Wells Fargo Bank on April 22 for "Distributed ledger for retirement plan intra-plan participant transactions" (Indian Inventor)

ALEXANDRIA, Va., June 6 -- United States Patent no. 12,282,962, issued on April 22, was assigned to Wells Fargo Bank N.A. (San Francisco).

"Distributed ledger for retirement plan intra-plan participant transactions" was invented by Padmavathy Bitragunta (Bengaluru, India).

According to the abstract* released by the U.S. Patent & Trademark Office: "Various examples are directed to systems and methods for administering transactions between plan participants in a retirement plan. A group management system may use public verification keys for the set of plan participants to monitor transactions involving the set of plan participants at a retirement plan distributed ledger and detect a trigger condition for a first plan participant of the set ...