MUMBAI, India, June 26 -- Intellectual Property India has published a patent application (202621026415 A) filed by Anushka Kanojia; Pankaj Singh; Anurag Tiwari; Tanvi Sonawane; and Lalita Moharkar on March 06, 2026, for Hybrid Blockchain-Enabled Payment System For Upi Transactions And Related Methods.
Inventors include Anushka Kanojia; Pankaj Singh; Anurag Tiwari; Tanvi Sonawane; and Lalita Moharkar.
The application for the patent was published on June 19, 2026, under issue no. 25/2026.
Abstract: A hybrid blockchain-enabled payment system facilitates real-world payments using cryptocurrency. It includes a user interface for capturing payment information, a component for extracting payment identifiers, and a blockchain wallet authorization module for transaction authorization. The system interfaces with cryptocurrency exchanges to convert digital assets to fiat currency and disburses funds through conventional payment infrastructure. An artificial intelligence engine computes a trust score for users, adjusting transaction parameters dynamically. The system maintains a unified audit trail for transaction traceability and supports multi-currency transactions, including domestic, international, and simulated central bank digital currencies. FIG. 1
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