MUMBAI, India, July 24 -- Intellectual Property India has published a patent application (202641085043 A) filed by Vijaya Institute Of Technology For Women on July 10, 2026, for Bshcoin—a Blockchain-Integrated Stable Digital Currency System With Qr-Based Peer-To-Peer Transactions And Multi-Wallet Authentication.
Inventors include Dr. T. Ragini; Sk. Naga Rehmathunnisa; Dr. K. Chaitanya; and Dr. Amatur Rafea Javariya.
The application for the patent was published on July 17, 2026, under issue no. 29/2026.
Abstract: ABSTRACT [0013] BSHCOIN represents an innovative decentralized digital currency platform engineered as a stablecoin solution tailored for academic, campus, and enterprise settings. Operating as an ERC-20 compatible token pegged at a 1:1 ratio to the Indian Rupee, the system ensures value stability while leveraging blockchain's inherent transparency and security features. The platform incorporates a custom smart contract framework that powers a QR-enabled peer-to-peer payment system, allowing users to conduct instant transactions through simple code scanning. It seamlessly supports popular wallet integrations including MetaMask and Web3Auth for user-friendly authentication, complemented by a responsive React-based frontend interface. Additional components like a token faucet smart contract facilitate controlled distribution for testing and onboarding purposes. By addressing volatility issues in traditional cryptocurrencies and centralization drawbacks in conventional fiat systems, BSHCOIN promotes programmable trust, efficient microtransactions, and enhanced financial inclusion in institutional settings. The invention delivers a full-stack solution that combines frontend usability with backend blockchain execution, resulting in faster settlements, auditable records, and adaptability for reward programs, campus commerce, and educational blockchain applications.
Disclaimer: Curated by HT Syndication.
