MUMBAI, India, June 26 -- Intellectual Property India has published a patent application (202641072761 A) filed by Vellore Institute Of Technology on June 11, 2026, for A System And Method For Deterministic Cryptographic Transaction Settlement Using Dual-Signature Commitment Tokens.
Inventors include C A Yogaraja; and Saksham Raj.
The application for the patent was published on June 19, 2026, under issue no. 25/2026.
Abstract: The present disclosure proposes a system (100) and method for achieving hardware-assisted deterministic cryptographic settlement verification in distributed cryptographic transaction environments using dual-signature cryptographic commitment tokens, signature-bound state transitions, cryptographic nonce-based idempotent execution control, and consensus-independent distributed transaction settlement through peer-to-peer cryptographic token exchange and hardware-assisted verification infrastructure. The system (100) comprises a first hardware device (102), a second hardware device (112), a settlement terminal (122), a transaction repository (126), and a computing device (127). The computing device (127) executes transaction-processing modules (128) configured for token generation, signature generation, signature verification, state-transition control, nonce validation, settlement verification, and atomic execution. The disclosed protocol achieves deterministic pre-settlement finality before execution-stage initiation through dual-signature validation and nonce-associated replay prevention. The system (100) eliminates centralized coordinator dependency, reduces distributed consensus overhead, supports offline-capable peer-to-peer transaction commitment exchange, and enables replay-resistant exactly-once distributed transaction execution.
Disclaimer: Curated by HT Syndication.
