Ernst & Young Assigned Patent

Ernst & Young U.S. LLP, New York, NY, has been assigned a patent (11,216,448) developed by Brody, Paul Richard, Woodside, CA, Westland, Duncan James, Addlestone, Great Britain, and Konda, Chaitanya Reddy, London, Great Britain, for “information storage and retrieval using an off-chain isomorphic database and a distributed ledger.“

The abstract of the patent published by the U.S. Patent and Trademark Office states: “A processor-implemented method for the ownership transfer and tracking of tangible assets using a blockchain is described. In an embodiment, the method includes generating a root node associated with a tangible asset via a processor. The root node has a first hash value that represents a storage location of the root node, data associated with a tangible asset, and a second hash value that represents a storage location of the subsidiary node. The method also includes storing a hierarchical hash-linked tree structure in a non-transitory, processor-readable memory. The hierarchical hash-linked tree structure can include multiple nodes. The multiple nodes include the root node and the subsidiary node. The subsidiary node has the second hash value, and data associated with a tangible sub-asset of the tangible asset.”

The patent application was filed on March 29, 2021 (17/216,083).