U.S. Patent 10991045 was awarded to Advanced New Technologies Co., Ltd. on April 27, 2021 and is entitled “Blockchain-based settlement method, apparatus, and electronic device.” The first named inventor is Zhaolin Feng of Hangzhou, . The abstract contains an overview of the patent disclosure:

Computer-implemented methods, non-transitory, computer-readable media, and computer-implemented systems for blockchain-based payment settlement are provided. A payment settlement request transaction of a payee system whose certificate has been stored on a blockchain is monitored. A target payment transaction is obtained that corresponds to the last node of a payment transaction linked list comprising payment transactions whose certificates have been stored on the blockchain in a payment order. A target payment write-off transaction is obtained that corresponds to the last node of a payment write-off transaction linked list comprising payment write-off transactions whose certificates have been stored on the blockchain in a payment write-off order. If an accumulated value in the target payment transaction is identical to an accumulated value in the target payment write-off transaction, fund settlement is performed based on the accumulated value in the target payment transaction or the target payment write-off transaction. Link to Full Patent

This blockchain patent was originally filed on February 27, 2020  as U.S. Patent Application 16/803720 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10991045. The primary examiner was Christopher Bridges.

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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