Blockchain Integrated Partners LLC announces approval of new patent for Virtual Data Rooms
- ByManjeet Singh | September 27, 2021
The US Patent and Trademark Office issued patent number 11,061,886 to BIP LLC’s distributed ledger technology, which supports its efforts to collect and protect high-value asset information. Titled “Systems and Methods for Data Validation and Assurance,” the patent intends to make document management and preservation more accurate and efficient while lowering costs.
BIPs Co-Founder Paul Hartzell says, “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,”
Rob Chepak who is also the co-founder of the business added, “We are committed to thinking creatively to help customers get more and more value from their data rooms. We are aggressively looking for licensing partnerships to implement this technology.”
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