MUMBAI, India, July 31 -- Intellectual Property India has published a patent application (202411096158 A) filed by Kunal Tekwani; and Tekwani, Grashneshwari K. on December 05, 2024, for System And Method For Transaction Management.
Inventors include Kunal Tekwani; and Tekwani, Grashneshwari K..
The application for the patent was published on July 24, 2026, under issue no. 30/2026.
Abstract: The invention pertains to a transaction management system (102) designed to facilitate secure and efficient transactions between consumers and providers across various domains, including loans, goods, and services. The system features interconnected modules, including a profile module (212) for user management, a demand module (214) for classifying transaction requests, a contract module (216) for generating and executing contracts, a defaults module (218) for compliance monitoring, a trust bridge module (220) for establishing trust through escrow accounts and digital wallets, and a legal module (222) for connecting users with legal professionals. Implementable across client systems, server systems, and cloud platforms, the system leverages advanced technologies such as microservices architecture and artificial intelligence to enhance accessibility, scalability, and user experience. This comprehensive solution promotes transparency, compliance, and streamlined communication, making it a valuable tool for efficient transaction management.
Disclaimer: Curated by HT Syndication.
