MUMBAI, India, June 6 -- Intellectual Property India has published a patent application (202414091630 A) filed by Giesecke+Devrient advance52 GmbH, Munchen, Germany, on Nov. 25, 2024, for 'a hardware token transaction unit managing device and a method.'
Inventor(s) include Dr. Abbas Ahmed Abdullah Albasha.
The application for the patent was published on June 6, under issue no. 23/2025.
According to the abstract released by the Intellectual Property India: "The invention relates to a hardware token transaction unit managing device (100) within a token-based electronic transaction system (TS), comprising a hardware token transaction unit storage (200) configured for physically storing at least one new and/or used hardware token transaction unit, a hardware token transaction 10 unit input/output (300) configured for dispensing a new hardware token transaction unit and/or for receiving a used hardware token transaction unit, and a local token transaction unit (400) comprising one or more tokens of the token-based electronic transaction system, the local token transaction unit (400) configured for managing of one or more tokens of the at least one new or used hardware token trans15 action unit."
Disclaimer: Curated by HT Syndication.
