MUMBAI, India, Aug. 29 -- Intellectual Property India has published a patent application (202421014124 A) filed by Redeemption Digital Technology Private Limited, Pune, Maharashtra, on Feb. 27, 2024, for 'a system and method for processing secure financial services via blockchain.'
Inventor(s) include Kunden Shrikant Hanumant.
The application for the patent was published on Aug. 29, under issue no. 35/2025.
According to the abstract released by the Intellectual Property India: "A system and method for processing secure financial services via blockchain is disclosed. The system includes a central server, a receiver, a contingent, a transmitter and a database. The central server further includes a processor and non-transitory computer readable medium (CRM). The receiver of the processing server is integrated into the central server for receiving financial transaction data. The contingent, dual asset, bi-directional transfer, implemented by the central server. The mechanism ensures secure and conditional transfers of assets on a blockchain. The transmitter of the processing server is integrated into the central server for broadcasting validated financial transaction data to the blockchain network. The database is connected to the central server, storing historical transaction data and user profiles."
Disclaimer: Curated by HT Syndication.
