MUMBAI, India, Sept. 5 -- Intellectual Property India has published a patent application (202421015062 A) filed by Redeemption Digital Technology Private Limited, Pune, Maharashtra, on Feb. 29, 2024, for 'a system for blockchain based data transfer and method thereof.'
Inventor(s) include Kunden Shrikant Hanumant.
The application for the patent was published on Sept. 5, under issue no. 36/2025.
According to the abstract released by the Intellectual Property India: "A system for blockchain based data transfer and method thereof is disclosed. The system includes at least one or more processors, a data store, a source blockchain network, a blockchain manager, a data transmitter and a transport mechanism. The processor is configured to execute instructions for data transfer operations. The data store is in communication with the at least one processor. The source blockchain network for originating and managing data transfer transactions. The blockchain manager is configured to oversee and coordinate the data transfer transactions within the source blockchain network. The data transmitter is configured to transmit data after validation. The transport mechanism parameter as defined in a first version of the first data exchange contract if the transfer of the data payload exceeded a time limit."
Disclaimer: Curated by HT Syndication.
