New patents are issued by the USPTO on Tuesdays. Both of today's Spotlight Patents concern aspects of blockchain (distributed ledger, smart contracts) and digital rights management broadly construed. Assigned to BofA, the first of today's patents addresses techniques for tracking transfer of resources in a process data network. Assigned to Strong Force IOT, the second patent addresses techniques for the industrial internet of things.
10,387,878, "System for tracking transfer of resources in a process data network," assigned to Bank of America.
Systems, computer program products, and methods are described herein for a system for using the block chain distributed network for managing transaction history of unbanked and underbanked users in a process data network. The present invention is configured to electronically receive an indication from a computing system associated with a first user that the first user has executed a transfer of resources with a second user; retrieve information associated with the transfer of resources from the first user; retrieve information associated with a block chain of user information associated with the first user; transmit a notification to a computing system associated with the second user to validate the transfer of resources; receive an input from the second user validating the transfer of resources; and update the block chain of user information with the validated transfer of resources based on at least receiving the input from the second user.
10,394,210, "Methods and systems for the industrial internet of things," assigned to Strong Force IOT Portfolio 2016, LLC
The system generally includes a crosspoint switch in the local data collection system having multiple inputs and multiple outputs including a first input connected to the first sensor and a second input connected to the second sensor. The multiple outputs include a first output and a second output configured to be switchable between a condition in which the first output is configured to switch between delivery of the first sensor signal and the second sensor signal and a condition in which there is simultaneous delivery of the first sensor signal from the first output and the second sensor signal from the second output. Each of multiple inputs is configured to be individually assigned to any of the multiple outputs. Unassigned outputs are configured to be switched off producing a high-impedance state. The crosspoint switch includes a third input that is configured with a continuously monitored alarm having a pre-determined trigger condition when the third input is unassigned to any of the multiple outputs.