Influential FIDELITY NATIONAL INFORMATION SERVICES, INC. Blockchain Patent – Methods and systems for regulating operation of units using encryption techniques associated with a blockchain – US10558996

U.S. Patent 10558996 was awarded to FIDELITY NATIONAL INFORMATION SERVICES, INC. on February 11, 2020 and is entitled “Methods and systems for regulating operation of units using encryption techniques associated with a blockchain.” The first named inventor is Troy Land of Tampa, FL. The abstract contains an overview of the patent disclosure:

Methods and systems for regulating generation of units according to at least one encryption technique associated with a blockchain are disclosed. In some embodiments, a system includes a communication device configured to communicate with a computing device executing an application and a processor configured to execute instructions to perform operations. The operations include receiving transaction information describing a transaction; based on the transaction, determining product awards for at least one product awards program for the transaction; using the blockchain, determining a real-time conversion rate for the transaction, where the real-time conversion rate is regulated by the at least one encryption technique; based on the real-time conversion rate, converting the product awards to units; and entering into the blockchain encrypted data associated with the transaction, wherein the encrypted data is encrypted according to the at least one encryption technique. Link to Full Patent

This blockchain patent was originally filed on June 09, 2016  as U.S. Patent Application 15/178279 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10558996. The primary examiner was William A Brandenburg.

FIDELITY NATIONAL INFORMATION SERVICES, INC., who is the original assignee of this patent, has at least 5 total granted patents in the United States as of the date of this article. This blockchain patent has been cited 3 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.

Select IP monitors top patents and patents which have been allowed and granted worldwide. We are experts in patent law with experience blockchain technology and IP law and intellectual property law as it pertains to blockchain technology and cryptocurrency patents. If you are interested in connecting with an IP law attorney or patent law attorney, please contact us via the contact form.

Patentability Searches – Determine the patentability of your inventions.
Freedom to Operate Searches & Opinions – Identify patents may give you potential infringement issues (including in the recording, communication or information retrieval equipment field).
Non-Infringement Opinions – Determine if your product infringes a competitor’s patent.
Patent Invalidity Searches & Opinions – Find prior art to invalidate a competitor’s patent.
U.S. Provisional Patent Applications – Receive cost-effective “patent pending” status for your invention.
U.S. Non-Provisional Patent Applications (Utility) – Apply for patent protection on the structural and functional aspects of your invention.
U.S. Design Patent Applications – Apply for patent protection on the ornamental appearance of your invention.

Leave a Reply

Your email address will not be published. Required fields are marked *