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Patent drawing for Technologies for creating non-fungible tokens for know your customer and anti-money laundering
US 20,240,412,220 A1
Computing US 20,240,412,220 A1 Not in force

Technologies for creating non-fungible tokens for know your customer and anti-money laundering

A system helps verify a person's identity for financial compliance, like Know Your Customer (KYC) checks. It takes a user's personal information, verifies it, and then creates unique digital fingerprints from that confirmed data. These fingerprints are then put into a special digital token, called a non-fungible token (NFT), which is recorded on a shared digital ledger (a blockchain), specifically involving a user application for interaction.

Why it matters: The classification includes machine learning (G06N20/00). Since 2024, machine learning models for identity verification and fraud detection have likely advanced, potentially making the crucial "verify each user data item" step more robust and automated than when filed.

Status
Not in forceListed as no longer active. The specific reason is not in the record we hold.
How hard to build
SpecializedSoftware logic, blockchain, cryptography, smart contracts

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