ALEXANDRIA, Va., Dec. 31 -- United States Patent no. 12,513,164, issued on Dec. 30, was assigned to Wells Fargo Bank N.A. (San Francisco).
"Data devaluation through smart contracts" was invented by Jerry Reynolds (Charlotte, N.C.), Venkat Sriram Karicherla (Apex, N.C.) and Michael Sbandi (Harrisburg, N.C.).
According to the abstract* released by the U.S. Patent & Trademark Office: "A system for a business entity is disclosed that is configured to execute an authorized countermeasure against a malicious actor via a smart contract in response to the system determining that the malicious actor has performed a malicious action. The system determines that a smart contract established between the business entity and an official agency defines a...