U.S. Patent 10929198 was awarded to Advanced New Technologies Co., Ltd. on February 23, 2021 and is entitled “Blockchain-based resource allocation method and apparatus.” The first named inventor is Lindong Liu of Hangzhou, . The abstract contains an overview of the patent disclosure:

Implementations of the present application provide a blockchain-based resource allocation method. A target transaction is obtained, by a first node device in a blockchain network, from a distributed database of the blockchain network. The blockchain network comprises a target user device of a target user and the first node device. The target transaction comprises service behavior data of the target user, and the service behavior data of the target user is generated by the target user device by using a target service. A smart contract corresponding to an allocation of a resource is invoked comprising: executing a resource allocation logic that is stored in the smart contract and that is related to the service behavior data of the target user, and performing the allocation of the resource to the target user. Link to Full Patent

This blockchain patent was originally filed on February 11, 2020  as U.S. Patent Application 16/787288 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10929198. The primary examiner was Chelcie L Daye.

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.

Select IP monitors top patents and patents which have been allowed and granted worldwide. We are experts in patent law with experience blockchain technology and IP law and intellectual property law as it pertains to blockchain technology and cryptocurrency patents. If you are interested in connecting with an IP law attorney or patent law attorney, please contact us via the contact form.

Patentability Searches – Determine the patentability of your inventions.
Freedom to Operate Searches & Opinions – Identify patents may give you potential infringement issues (including in the recording, communication or information retrieval equipment field).
Non-Infringement Opinions – Determine if your product infringes a competitor’s patent.
Patent Invalidity Searches & Opinions – Find prior art to invalidate a competitor’s patent.
U.S. Provisional Patent Applications – Receive cost-effective “patent pending” status for your invention.
U.S. Non-Provisional Patent Applications (Utility) – Apply for patent protection on the structural and functional aspects of your invention.
U.S. Design Patent Applications – Apply for patent protection on the ornamental appearance of your invention.