Nevada Patent of the Month – May 2025
A new patent from LEDGERDOMAIN INC. introduces a decentralized framework that gives users more control over how their digital identity is verified and shared. U.S. Patent No. 12300371, titled ‘Decentralized identity authentication framework for distributed data’, outlines a breakthrough in secure access and identity management across blockchain environments. It removes reliance on centralized servers and cuts risks from data breaches.
Self-Controlled Identity in the Blockchain Era
The invention enables users to manage their own digital credentials without storing them on a central system. Instead, access permissions are distributed, giving users the power to decide who can view or use their data. This approach reduces vulnerabilities and supports the broader shift toward user-owned digital identities.
Built-In Privacy and User Consent
One standout feature is the ability for users to revoke access and request deletion of their identity from the system. That means stronger privacy protection and easier compliance with global regulations like GDPR. This mechanism ensures users are not locked into systems that retain their data indefinitely.
Designed for Secure Enterprise Use
This framework is especially relevant for enterprises that operate distributed systems or partner networks. By authenticating identities through a decentralized method, organizations can increase security while simplifying access control across departments and external stakeholders.
A Step Toward Safer Digital Infrastructure
As identity theft and data misuse grow, solutions like this could become standard. The innovation by LEDGERDOMAIN INC. lays the groundwork for a future where users—not platforms—own and manage their digital presence.
Learn More:
Are you developing new or improved products, or thinking of applying for a patent? Did you know your research work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? To find out more, please check out our free online eligibility test.
Feel free to book a quick teleconference with one of R&D Tax specialists if you would like to learn more about R&D Tax Credit opportunities.
Who We Are:
Swanson Reed is one of the largest Specialist R&D Tax Credit advisory firm in the United States. With offices nationwide, we are one of the only firms globally to exclusively provide R&D Tax Credit consulting services to our clients. We have been exclusively providing R&D Tax Credit claim preparation and audit compliance solutions for over 30 years.
Swanson Reed’s Nevada office provides R&D tax credit consulting and advisory services to Las Vegas, Henderson, Reno, North Las Vegas, Sparks, Carson City, Fernley, Elko, Mesquite, and Boulder City.
Swanson Reed hosts daily free webinars and provides free IRS CE and CPE credits for CPAs. For more information please click here or contact your usual Swanson Reed representative.
