U.S. Patent 11151559 was awarded to Advanced New Technologies Co., Ltd. on October 19, 2021 and is entitled “Blockchain-based remittance method and apparatus.” The first named inventor is Baoli Ma of Hangzhou, . The abstract contains an overview of the patent disclosure:

One or more embodiments of the present specification provide blockchain-based remittance methods and apparatuses. One method comprising: receiving, from an account of a remitter, a transaction for a remittance to an account of a remittee, wherein the transaction comprises a remittance amount of the remittance and at least one reserved amount corresponding to the remittance amount allocated by the remitter from a reserve fund list to the transaction; performing verification of the transaction, wherein the verification comprises determining whether a total amount of the at least one reserved amount comprised in the transaction is greater than or equal to the remittance amount; and in response to determining that the verification is successful: deducting the remittance amount from the balance of the account of the remitter, and adding the remittance amount to a balance of the account of the remittee. Link to Full Patent

This blockchain patent was originally filed on October 30, 2020  as U.S. Patent Application 17/085240 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11151559. The primary examiner was Jacob C. Coppola.

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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