North Carolina Patent of the Month – March 2025
Transmira Inc. has patented a groundbreaking system that bridges the gap between the physical and digital worlds. Their new technology, outlined in U.S. Patent No. 12,243,101, titled “Systems and Methods for Digital or Cryptographic Media, Assets, or Tokens Linked to Physical Objects, Services, or Privileges,” enables tangible items to be securely linked to digital media, assets, or tokens using cryptographic methods, including blockchain. This innovation marks a significant leap in digital asset management.
Simplifying Ownership and Transfer
The patented system streamlines the transfer of ownership by creating redeemable digital tokens that represent physical objects or services. By linking real-world items to digital counterparts on a secure blockchain, Transmira facilitates seamless and secure exchanges of ownership interests. This approach reduces fraud, enhances transparency, and speeds up transactions across industries like retail, real estate, and entertainment.
Real-World Applications
This technology has vast real-world applications. Users can now link everything from artwork to vehicles—and even tickets—to blockchain tokens, ensuring secure proof of ownership and easier transactions. As digital and physical assets continue to merge, Transmira’s innovation promises to revolutionize how we manage, buy, and sell products and services globally.
Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.
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Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.
Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.
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What is the R&D Tax Credit?
The Research & Experimentation Tax Credit (or R&D Tax Credit), is a general business tax credit under Internal Revenue Code section 41 for companies that incur research and development (R&D) costs in the United States. The credits are a tax incentive for performing qualified research in the United States, resulting in a credit to a tax return. For the first three years of R&D claims, 6% of the total qualified research expenses (QRE) form the gross credit. In the 4th year of claims and beyond, a base amount is calculated, and an adjusted expense line is multiplied times 14%. Click here to learn more.
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Swanson Reed is one of the only companies in the United States to exclusively focus on R&D tax credit preparation. Swanson Reed provides state and federal R&D tax credit preparation and audit services to all 50 states.
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Swanson Reed offers R&D tax credit preparation and audit services at our hourly rates of between $195 – $395 per hour. We are also able offer fixed fees and success fees in special circumstances. Learn more at https://www.swansonreed.com/about-us/research-tax-credit-consulting/our-fees/
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