Blockchain Integrated Partners, LLC announced today that the US Patent and Trademark Office has issued a U.S. patent for its distributed ledger technology, supporting its efforts to help collect and protect critical information connected to high-value assets. Titled “Systems and Methods for Data Validation and Assurance,” (U.S. patent 11,061,886), the technology makes document management and preservation more accurate and efficient, while lowering costs.
The patent supports Blockchain Integrated Partners (BIPs) business model, which includes offering the first virtual data room (VDR) linked to blockchain technology provided by TruDoss, LLC, BIPs operating company. VDRs are digital repositories for the collection, display, and review of documents. Linking the VDR with TruDoss’ distributed ledger, content owners may transfer ownership of chains and create tradable blocks of information, monitored, and updated at threshold intervals.
BIPs Co-Founder Paul Hartzell notes, “VDR’s are a global industry today, serving as a short-term digital platform for due diligence in corporate mergers and acquisitions (M&A) and other capital-raising transactions. Our patent is the foundation for the most significant enhancement to the evolution of the data room market in years. It will allow VDR customers to preserve their work inside data rooms and keep receiving benefits for years,”
“We are committed to growing our platform and the value it provides by aggressively looking for licensing partnerships to implement this technology” BIPs Co-Founder Rob Chepak added.
BIPs delivers services in partnership with TransPerfect, a $852M revenue company. From offices in over one hundred cities on six continents TransPerfect is the world’s largest provider of language and technology solutions for global business. “Information should be treated like a natural resource; protected and preserved for future use,” said TransPerfect President and CEO Phil Shawe. “TransPerfect’s technology in partnership with TruDoss gives our customers a way to do that, whether in response to economic crisis or a big opportunity.”
Blockchain Integrated Partners, LLC
Rob Chepak, Co-Founder
Paul Hartzell, Co-Founder
About Blockchain Integrated Partners
Blockchain Integrated Partners, LLC uses blockchain technology to increase transparency and add value to the information connected to high-value assets. The company offers a patented digital image platform to confirm, protect and review information in an immutable manner. For more information, please visit www.trudoss.com.