Featured Coinbase Cryptocurrency Patent – Corrective action realignment and feedback system for a compliance determination and enforcement platform – US10755347

U.S. Patent 10755347 was awarded to Coinbase, Inc. on 2020-08-25 and describes a “Corrective action realignment and feedback system for a compliance determination and enforcement platform.” Coinbase is an American publicly traded company that operates a cryptocurrency exchange platform. This blockchain patent has been cited 0 times by other U.S. patents according to our law firm research, and can be considered an innovative patent in the field of cryptocurrency and blockchain. The abstract states:

A compliance determination and enforcement platform is described. A plurality of factors are stored in association with each of a plurality of accounts. A factor entering module enters factors from each user account into a compliance score model. The compliance score model determines a compliance score for each one of the accounts based on the respective factors associated with the respective account. A comparator compares the compliance score for each account with a compliance reference score to determine a subset of the accounts that fail compliance and a subset of the accounts that meet compliance. A flagging unit flags the user accounts that fail compliance to indicate non-compliant accounts. A corrective action system allows for determining, for each one of the accounts that is flagged as non-compliant, whether the account is bad or good, entering the determination into a feedback system and closing the account. Link to Full Patent

This patent was originally filed on 2016-09-21 which gives it an average processing time in the field. Coinbase, Inc. has 20 total patents. The first named inventor is Bradley James Larson of San Francisco, CA. The primary examiner was Daniel S Felten. Coinbase was founded in June 2012 by Brian Armstrong.

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