Le Lézard
Classified in: Science and technology, Business

New Bitcoin Protocols Continue to Feature True Return Systems' 2018 Blockchain Patented Technologies

NEW CANAAN, Conn., Sept. 24, 2021 /PRNewswire-PRWeb/ -- Intellectual property will become increasingly important to partners and investors in blockchain projects as competition grows and regulation increases. Regulation will raise project costs and lengthen launch times, making intellectual property awareness and ownership an organizational necessity.

The universal goal for cryptocurrencies and digital money has been fast and safe protocols with high liquidity and low transaction costs. Scalable real-world applications remain challenged due to legacy code, DeFi orthodoxy, and collisions with non-crypto regulation, such as the recent troubles for coin lending platforms.

Each of Bitcoin, Ethereum, Ripple and the newer protocols have accepted some mix of trade-offs across security, speed, and functionality.

As the community has expanded the use cases for digital money, there have been two consistent challenges. First, the race to expand functionality continues to prove that single level protocols are unlikely to accommodate non-crypto applications without material speed and cost (gas) concessions. Second, institutional users will demand integrity of prices and data sourcing which requires robust approaches to links, data storage, and audit.

Even early hybrid blockchain protocols which based their original efforts on trustless and distributed data sourcing, have now adopted persistent and tractable data storage.

True Return's US Patent No. 10,025,797 ('797) is based on pioneering and foundational work which integrates on-chain and/or off-chain data across blockchains and ledgers. Its unique forward looking approach holds many benefits for the most important sectors in today's economy including digital money, healthcare, pharma, global trade, financial services, and data sciences. In particular, '797 is expected to be integral to layering approaches over the Bitcoin and Ethereum blockchains which seek to expand the speed and functionality of early digital money.

Securities and Exchange Commissioner Gary Gensler has recently characterized the current state of digital money and stablecoin lending as "Poker Chips" and a "Wild West Casino". During the expected transition from "leaving the regulators behind" to "bringing the regulators along", demonstrable and effective intellectual property will become increasingly important to blockchain and cryptocurrency organizations.

US Patent No 10,025,797 is currently on auction as a smart contract assigning NFT here on Opensea.io. The NFT is titled "US Patent No. 10,025,797 with Unlockable Prospective Licensee and Litigation Candidate Content".

Detailed information relating to the Patent, the technology, and other True Return System properties is available at truereturnsystems.com.

Media Contact:
Janet Leung
True Return Systems LLC
(203) 442-1497

About True Return Systems LLC
True Return Systems LLC is a financial-technology consulting company operating in Connecticut. True Return Systems LLC holds, invents and manages a portfolio of financial patents directed at blockchain, securities exchange middleware, and brokerage platform systems.

Media Contact

Janet Leung, True Return Systems LLC, +1 (203) 442-1497, janet.leung@truereturnsystems.com

Jack Fonss, True Return Systems LLC, (203) 536-7705, jack.fonss@truereturnsystems.com


SOURCE True Return Systems LLC

These press releases may also interest you

at 11:39
A federal appeals court unanimously affirmed approval of a settlement agreement between Brown University and a class of women student-athletes at Brown which resolved a class-action court challenge to Brown's decision in June 2020 to cut women's...

at 11:38
Wax Center Partners ("WCP"), a European Wax Center franchise, opens a new center at 1233B Marina Blvd, San Leandro, CA 94577. Wax Center Partners currently operates 19 European Wax Center locations?13 in northern California and 6 in the Dallas/Fort...

at 11:35
Graystone Company, Inc. is pleased to announce the execution of a purchase order for bitcoin mining equipment. The initial purchase order was paid for on 10/28/2021 and consists of 10 unit of S19j Pro (100 TH/S) machines. This new equipment is...

at 11:33
PayGround, a Healthcare FinTech payments platform, has had quite the year. Drew Mercer, CEO of PayGround says, "PayGround had a tremendous first three quarters of 2021. We have experienced more than 140% revenue growth, more than tripled the size of...

at 11:31
The following issues have been halted by IIROC: Company: Anaergia Inc. TSX Symbol: ANRG All Issues: Yes Reason: Pending News Halt Time (ET): 11:10 AM IIROC can make a decision to impose a temporary suspension (halt) of trading in a...

at 11:30
According to the BC Check-Up: Work, an annual report by the Chartered Professional Accountants of British Columbia (CPABC) on employment trends across the province, the unemployment rate in Vancouver Island & Coast (excluding Greater Victoria) fell...

News published on 24 september 2021 at 10:05 and distributed by: