US Patent Issued to Wells Fargo Bank on Nov. 11 for "Distributed ledger technology utilizing asset tracking" (Minnesota Inventor)

ALEXANDRIA, Va., Nov. 11 -- United States Patent no. 12,469,024, issued on Nov. 11, was assigned to Wells Fargo Bank N.A. (San Francisco).

"Distributed ledger technology utilizing asset tracking" was invented by Duc M. Trinh (Golden Valley, Minn.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems, methods and computer-readable storage media utilized to track a plurality of assets on a distributed ledger network. One method includes receiving a request to track a specific asset on the distributed ledger network. The method further includes identifying a reason for the exchange, wherein the reason for exchange is based on a set of predefined actions. The method further includes determining an asset type as...