U.S. Patent 11019059 was awarded to Radware Ltd. on May 25, 2021 and is entitled “Blockchain-based admission processes for protected entities.” The first named inventor is Alon Lelcuk of Ramot Meir, . The abstract contains an overview of the patent disclosure:

A method and system for blockchain-based access to a protected entity are provided. The method includes granting access tokens of a first-type to a client; identifying, in a blockchain network, a conversion transaction identifying a request to convert the first-type of access tokens with access tokens of a second-type, wherein the transaction designates at least the protected entity; determining a conversion value for converting the first-type of access tokens into the second-type of access tokens, wherein the conversion value is determined based on at least one access parameter; converting, based on the determined conversion value, a first sum of the first-type of access tokens into a second sum of the second-type of access-tokens; and granting the client access to the protected entity when the sum of the second-type of access tokens is received as a payment from the protected entity. Link to Full Patent

This blockchain patent was originally filed on May 31, 2018  as U.S. Patent Application 15/994414 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11019059. The primary examiner was Matthew Smithers.

Radware Ltd., who is the original assignee of this patent, has at least 86 total granted patents in the United States as of the date of this article. 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.

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