- SoLVBL Solutions (SOLV) has been granted a U.S. patent titled “Method and System for Digital Payment Instrument Deployment of Authentication Seal”
- This patent confirms the uniqueness of the intellectual property of the company’s flagship cryptographic cybersecurity product, Q by SoLVBL
- The patent will allow the company to strongly market its solutions to the distributed financial (DeFi) and centralized financial (CeFi) sectors
- The granting of the patent also validates an independent third-party cryptographic review and validation by Professor Sonam Kaul of University of Toronto
- SoLVBL is an innovative cybersecurity and data authentication company
- SoLVBL Solutions Inc was up 28.57 per cent, trading at $0.045 at 10:14 ET
SoLVBL Solutions (SOLV) has been granted a U.S. patent titled “Method and System for Digital Payment Instrument Deployment of Authentication Seal.”
This patent protects the intellectual property of the company’s flagship cryptographic cybersecurity product, Q by SoLVBL.
This patent will allow the company to robustly market its solutions to the distributed financial (DeFi) and centralized financial (CeFi) sectors.
This patent, together with the previously granted US patent 11,146,386, strengthens the company’s intellectual property in data authentication and cryptographic validation of data.
“This new patent allows us to protect our technology portfolio and continue to develop data authentication products for the financial services sector,” stated Kaiser Akbar, CEO of SoLVBL.
“We strongly believe that digital currencies and digital payment systems will play an integral role in the global economy for the foreseeable future, and our digital payment authentication seal has the opportunity to be a large part of this future,” he added.
This key patent is the next step in the company’s growth and has been nearly two years in the making.
The patent granted comes after a rigorous process conducted by the USPTO following the first lodgment on February 14, 2020.
The granting of the patent also validates an independent third-party cryptographic review and validation, that was previously announced, that had been provided by Professor Sonam Kaul of University of Toronto’s Mathematical and Computational Sciences Department.
SoLVBL is an innovative cybersecurity and data authentication company.
SoLVBL Solutions Inc (SOLV) was up 28.57 per cent, trading at $0.045 at 10:14 ET.
