Enigio is proud to announce that it has been awarded new patents for the digital original document invention behind Enigio’s trace:original solution. The patents were issued by the United States Patent and Trademark Office on January 25, 2022 and by the Republic of Singapore on July 26, 2021.
Enigio’s digital original document invention behind the trace:original solution is officially recognized by the US under patent number 11,233,657 and by Singapore by the number SG11201909905WA.
The title of the applications is:
“Method and system for registering digital documents”
The patent document describes how to securely, create, manage, trace versions and manage possession of transferable digital original documents. The patent is valid in USA until August 7, 2038 and in Singapore until May 3, 2038
The invention behind the trace:original solution has already been granted a patent in Sweden and have pending patent approvals in Europe (European Patent Office, EPO), China, Hong Kong and India.
Patrik Zekkar, Enigio’s CEO, says:
“The global patents are appreciated acknowledgements and proof of the trace:original solution’s uniqueness, for the digitalisation of all types of original documents. It´s also recognition of Enigio’s position at the forefront in this market i.e. the digitalisation process of original documents.
Enigio will continue to develop and serve various industries’ enhanced need for digitalisation, particularly in areas such as trade finance, transport and logistics, certificates etc. Further, we believe that this digital development is important to lowering carbon emissions by reducing the usage of paper as well as a major ESG contribution to the society.”
Enigio’s trace:original is a technical solution through which a digital original document can be created and possession of the original freely transferred between parties using distributed ledger technology solely for the purposes of validation, verification and recording possession. The solution has proven very suitable for negotiable instruments and documents of title, such as bills of exchange and bills of lading. It is designed to comply with current legislation and is fully aligned with UNCITRAL’s Model Law on Electronic Transferable Records (MLETR). trace:original is also being used in logistics for digitising key transport documents as well as applied in the European certification market and being evaluated for other markets where digital original documents with regulatory certainty are needed to eliminate fraud risk in highly efficient document processes.
For more details about Enigio’s US patent
For more details about Enigio’s Singapore patent