USPTO Patent Grant: Inventory Management System
Summary
The USPTO has granted patent US12586028B2 for an inventory management system to Trade Capital Corporation. The patent covers a hybrid distributed computing system for recording inventory title with a third party after delivery, allowing for separate cost and accounting management from physical possession.
What changed
The United States Patent and Trademark Office (USPTO) has granted patent US12586028B2, titled "Method and system for managing inventory," to Trade Capital Corporation. The patent, effective March 24, 2026, describes a hybrid distributed computing system and database designed to manage inventory title separately from physical possession. This system allows for the recording of inventory title with a third party after delivery to a producer's location, enabling on-demand access and management of inventory costs and accounting.
This patent grant is primarily an intellectual property matter and does not impose new regulatory obligations on businesses. However, companies involved in inventory management, supply chain logistics, or utilizing distributed computing systems for asset tracking may find the patented technology relevant. The abstract suggests potential applications in managing inventory costs and accounting separately from physical possession, which could influence business practices for producers and users of inventory.
Source document (simplified)
Method and system for managing inventory
Grant US12586028B2 Kind: B2 Mar 24, 2026
Assignee
Trade Capital Corporation
Inventors
Michael C. Doran, Sanjay Bonde, Shiva Sandy
Abstract
Systems and methods of managing inventory include a hybrid distributed computing system and database for recording title to the inventory in a third party after the inventory has been delivered to a location accessible to a producer (e.g., a user of the inventory). The cost and accounting of the inventory can then be managed separately from the physical possession of the inventory. The producer may then access and take title to the inventory on demand (as needed).
CPC Classifications
G06Q 10/087
Filing Date
2022-11-18
Application No.
17990340
Claims
14
Named provisions
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