MUMBAI, India, Sept. 26 -- Intellectual Property India has published a patent application (202421022268 A) filed by Redeemption Digital Technology Private Limited, Pune, Maharashtra, on March 22, 2024, for 'a system and method for providing blockchain based transaction.'
Inventor(s) include Kunden Shrikant Hanumant.
The application for the patent was published on Sept. 26, under issue no. 39/2025.
According to the abstract released by the Intellectual Property India: "A system and method for providing blockchain based transaction is disclosed. The system includes a transaction input module, a verification unit, a data accessing unit, a network server, a blockchain-based cryptocurrency mechanism, a processor and a memory. The transaction input module is configured to receive transactions with unique identifiers. The verification unit is configured to verify the authenticity and integrity of received transactions. The data accessing unit is configured to access relevant data for processing transactions. The network server facilitating communication between users involved in transactions. The blockchain-based cryptocurrency mechanism enables transfers between first and second users. The processor executes instructions for processing transactions. The memory includes executable instructions for facilitating blockchain-based transactions."
Disclaimer: Curated by HT Syndication.
