mericorp Investments, a company focused on acquiring, developing and commercializing innovative technologies for the gaming industry, announced Tuesday that it has been awarded an additional patent by the United States Patent Office. This patent is the 25th U.S. patent for gaming granted to Americorp or its affiliate Arrow Gaming. Americorp and Arrow also hold six gaming patents issued in Japan and the Philippines and have 37 gaming and related blockchain technology patents pending in the EPO and PCT countries and jurisdictions worldwide.
Newly-granted U.S. Patent No. 10,297,106 covers distributed multi-ledger gaming architectures allowing for the creation and execution of customized bets. The patent includes the latest in technology such as smart contracts and also covers the technology in Americorp's forthcoming blockchain wagering platform. This comprehensive patent also covers the generation and management of customized transactions (such as transactions that can be stored and automatically executed through smart contracts) via a gaming application/service. The customized bets can be between the player and any other party, including, among others, a casino, another player and a sports book.
Sports betting is expanding rapidly across the United States since a federal law limiting the activity to Nevada was overturned in 2018.
Arrow's U.S. and international patents and patents-pending cover numerous aspects of gaming including, among others:
Americorp founder and CEO Jordan Simons remarked: "Our combined inventions, as reflected in our growing patent portfolios include a broad range of the technologies and services that are core to the next generation gaming experience. Our patents include regulated and non-regulated cash and social gaming and offer an intellectual property roadmap for the industry's future. We have assembled a great team of industry insiders and we welcome partnerships that will enhance our deployment and distribution of our portfolio."
Gaming Industry veteran John English, Partner and Managing Director of Sports Betting and Technology at Global Market Advisors stated: "Americorp's new patent recognizes a dynamic innovation that I believe will revolutionize the gaming industry. Sports betting and Esports are growing at incredible rates globally. The ability to easily create and track customized bets utilizing the blockchain is a truly exciting proposition."
Mr. English added: "Arrow Gaming created and resolved key impediments for the gaming sector with its cutting-edge geolocation-based solutions, smart contracts and collusion detection systems. The Americorp blockchain technology covered by its latest patent will be a phenomenal asset to current operations and to the next wave of the gambling and hospitality boom."