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REAL-TIME PAYMENT BLOCKCHAIN

GRAFT files a patent on a Decentralized Payment Network

FOR IMMEDIATE RELEASE

About the Patent

The non-provisional patent application covers various facets of the network, but perhaps most importantly the multi-purpose Supernode layer which acts as the “pre-frontal cortex” of the network, handling super-fast sale and interchange transactions.

Why did we file this patent?

With the recent patent activity in the field of blockchain-enabled payments we felt compelled to protect GRAFT project and its eco-system participants from potential IP related encumbrances. Since it has been close to a year since we published the original white paper, it was the right time to get this done.

We hope the patent will help secure “freedom to operate” protection from patent claims in the future. While decentralization is at odds with patent systems in general, the system participants such as merchants, service, technology, and distribution providers might be interested in getting extra protection in the jurisdictions where they operate.

* Additionally the patent opens up potential licensing opportunities for private (non-competing) uses of the code, providing the project with additional revenue streams to help sustain operations and ongoing research and development.

About GRAFT Project

GRAFT is a blockchain based payment processing network the functions similarly to a credit card processing network with off-chain authorizations and in-network atomic swap based interchanges. The network is completely decentralized, able to work cross borders and adapting to local regulatory environment.

In addition to decentralization, GRAFT solves four biggest problems that exist in cryptocurrency at a point-of-sale today - privacy, speed, fees, and integration.

Economically, it’s a two layer (proof-of-work and proof-of-stake) blockchain with proof-of-stake based authorizations with participants able to benefit both for mining and staking

Finally GRAFT is open-platform, open-source, non-for profit community project. To support GRAFT Network, please donate BTC to: 39UBccrXeKBtoxeKXPqsXxPFnhzt6bueSY