U.S. Patent 11170437 was awarded to Advanced New Technologies Co., Ltd. on November 09, 2021 and is entitled “Blockchain-based financing.” The first named inventor is Xinying Yang of Hangzhou, . The abstract contains an overview of the patent disclosure:

A computer-implemented supply chain method includes obtaining, by a core node of a blockchain, from a ledger of the blockchain, a financing transaction published by a light node of the blockchain, in which the financing transaction includes account receivable information; determining, by the core node, a grant limit of financing, a repayment period of the financing, and a loan interest rate of the financing based on the account receivable information; and publishing, by the core node, to the ledger, a financing management smart contract, in which the financing management smart contract specifies the determined grant limit of the financing, the determined repayment period of the financing, and the determined loan interest rate of the financing, and in which the financing management smart contract is invocable by the light node to complete a management operation of the financing. Link to Full Patent

This blockchain patent was originally filed on May 29, 2020  as U.S. Patent Application 16/888421 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11170437. The primary examiner was Scott S Trotter.

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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