U.S. Patent 11188874 was awarded to Advanced New Technologies Co., Ltd. on November 30, 2021 and is entitled “Block chain-based claim settlement method and apparatus.” The first named inventor is Sui MA of Hangzhou, . The abstract contains an overview of the patent disclosure:

One or more embodiments of the description provide a blockchain-based claim settlement method and apparatus. The blockchain comprises a claim settlement organization node device and a service processing organization node device. The method comprises: obtaining, from a distributed database of the blockchain, a target transaction sent by the service processing organization node device, the target transaction comprising service behavior data generated by a claimant in the service processing organization node device; generating claim settlement plan logic for the claimant on the basis of the service behavior data comprised in the target transaction; and executing the claim settlement plan logic. Link to Full Patent

This blockchain patent was originally filed on February 09, 2021  as U.S. Patent Application 17/171483 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11188874. The primary examiner was Monjur Rahim.

Advanced New Technologies Co., Ltd., who is the original assignee of this patent, has at least 1031 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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