US Patent Issued to Wells Fargo Bank on Aug. 26 for "Bank-driven model for preventing double spending of digital currency transferred between multiple DLT networks using a trusted intermediary" (American, Indian Inventors)

ALEXANDRIA, Va., Aug. 26 -- United States Patent no. 12,400,219, issued on Aug. 26, was assigned to Wells Fargo Bank N.A. (San Francisco).

"Bank-driven model for preventing double spending of digital currency transferred between multiple DLT networks using a trusted intermediary" was invented by Abhijit Shetti (Pleasanton, Calif.), Laura Marie Fontana (San Francisco), Rameshchandra Bhaskar Ketharaju (Hyderabad, India), Andrew J. Garner IV (State Road, N.C.), Nikolai Stroke (Gilbert, Ariz.), Duc Trinh (Golden Valley, Minn.), Mabel Oza (San Francisco) and Todd Biggs (San Francisco).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method for preventing the double-spending of digital currency that transfers betwe...