U.S. Patent 11151621 was awarded to Verizon Patent and Licensing Inc. on October 19, 2021 and is entitled “System and method for carrier settlement using blockchain.” The first named inventor is Jason Trask of Jenks, OK. The abstract contains an overview of the patent disclosure:

A framework is provided for blockchain-based customer dispute management of wholesale telecommunications claims. A network device receives a telecommunication claim to dispute an invoice from a provider network. The provider network and a partner network that includes the network device are related through a wholesale telecommunications agreement. The network device validates the telecommunication claim based on information in a distributed ledger of the distributed consensus network. The distributed ledger includes transaction information generated by the provider network for the partner network under the wholesale telecommunications agreement. The network device adjudicates the telecommunication claim based on information in the distributed ledger and instructions in a contract and updates the distributed ledger with the adjudicated claim. Link to Full Patent

This blockchain patent was originally filed on June 25, 2019  as U.S. Patent Application 16/451669 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11151621. The primary examiner was Andrew Joseph Rudy.

Verizon Patent and Licensing Inc., who is the original assignee of this patent, has at least 4881 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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