MUMBAI, India, Nov. 2 -- Intellectual Property India has published a patent application (202611109888 A) filed by Iimt College Of Management on September 13, 2026, for A Secure And Programmable Central Bank Digital Currency (cbdc) System With Adaptive Transaction Control.
Inventors include Dr. Shikhar Saxena; Prof. Somesh Kumar; and Mr. Jaspal Singh.
The application for the patent was published on October 30, 2026, under issue no. 44/2026.
Abstract: The present invention relates to a secure and programmable Central Bank Digital Currency (CBDC) system for issuing, managing, and processing digital currency transactions under control of a central banking authority. The system comprises a central bank control unit, a digital currency issuance module, a plurality of secure digital wallets, a transaction processing module, a programmable transaction control layer, a distributed ledger or permissioned ledger, an offline transaction module, and an artificial intelligence-based monitoring engine. The programmable transaction control layer applies dynamically configurable transaction conditions, including transaction limits, permitted purposes, validity periods, beneficiary restrictions, and conditional payment rules. The offline transaction module enables authenticated transactions in the absence of network connectivity by securely storing transaction credentials and transaction records and subsequently synchronizing the records with the central system upon restoration of connectivity. The artificial intelligence-based monitoring engine analyzes transaction data to identify anomalous or potentially fraudulent activity and selectively initiates transaction verification, restriction, or further authentication. Tokenization, encryption, secure authentication, and controlled synchronization are employed to protect transaction and user data. The system thereby provides a centrally supervised, scalable, secure, programmable, and interoperable digital currency infrastructure supporting retail payments, government disbursements, targeted subsidies, taxation, banking, and other financial applications.
Disclaimer: Curated by HT Syndication.
