MUMBAI, India, May 1 -- Intellectual Property India has published a patent application (202641049533 A) filed by Dr. P. Rohini; Mr. Abhijit Sunder Bhosale; Dr. Abbas Vattoli; Dr. Shijumon. K. J; Anusha Nadiger; and Dr. Revanayya Kantayya, Guntur, Andhra Pradesh, on April 18, for 'blockchain-based secure transaction ledger for microfinance disbursement.'
Inventor(s) include Dr. P. Rohini; Mr. Abhijit Sunder Bhosale; Dr. Abbas Vattoli; Dr. Shijumon. K. J; Anusha Nadiger; and Dr. Revanayya Kantayya.
The application for the patent was published on May 1, under issue no. 18/2026.
According to the abstract released by the Intellectual Property India: "The invention Blockchain-Based Secure Transaction Ledger for Microfinance Disbursement introduces an innovative approach to managing microfinance transactions using blockchain technology. The proposed system leverages blockchain's inherent security features, such as immutability and decentralization, to ensure transparency, trust, and efficiency in the disbursement of microfinance loans. The ledger records every transaction in a secure, tamper-proof manner, allowing both lenders and borrowers to have real-time access to transaction histories. This eliminates the risk of fraud, reduces operational costs, and ensures accurate tracking of funds. The system is designed to cater to the unique needs of microfinance institutions by providing a secure, transparent platform for tracking small-scale loan disbursements and repayments. It also enables smart contracts to automate loan agreements, enforce terms, and reduce administrative burdens. By incorporating blockchain technology, the invention enhances the accessibility and credibility of microfinance services, particularly in underserved regions where traditional banking systems are limited. The result is a more equitable financial ecosystem with improved trust and reduced barriers for small-scale borrowers."
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