MUMBAI, India, Feb. 13 -- Intellectual Property India has published a patent application (202521132312 A) filed by Leeladhar Chourasiya; Mrs Urvashi Sharma; Dr. Sanmati Kumar Jain; Mrs Ritika Bhatt; Dr Rishi Kushwah; and Pirmohammad Khan, Seoni, Madhya Pradesh, on Dec. 26, 2025, for 'a trusted cryptographic banking ecosystem using blockchain and federated learning.'
Inventor(s) include Mrs Urvashi Sharma; Dr. Sanmati Kumar Jain; Mrs Ritika Bhatt; Dr Rishi Kushwah; Pirmohammad Khan; and Dr Leeladhar Chourasiya.
The application for the patent was published on Feb. 13, under issue no. 07/2026.
According to the abstract released by the Intellectual Property India: "The present invention relates to a blockchain-based cryptographic banking system integrated with federated learning to enable secure, decentralized, intelligent, and privacy-preserving financial transactions. The system eliminates reliance on centralized banking databases by utilizing a distributed blockchain network, thereby reducing risks associated with single-point failures, unauthorized access, and data manipulation. Cryptographic mechanisms are employed to secure transaction records and model updates. Federated learning enables multiple banking institutions to collaboratively train machine learning models for applications such as fraud detection, credit risk assessment, and regulatory compliance without sharing raw customer data. A hybrid blockchain architecture comprising public and private ledgers ensures transparency, confidentiality, and regulatory compliance. Smart contracts automate transaction validation, interbank settlements, and coordination of federated learning processes. Privacy-preserving techniques further ensure protection of sensitive financial information while allowing controlled access to regulators and auditors. The invention provides a scalable, secure, and compliant digital banking framework suitable for modern financial ecosystems."
Disclaimer: Curated by HT Syndication.
