U.S. Patent 11050549 was awarded to Advanced New Technologies Co., Ltd. on June 29, 2021 and is entitled “Blockchain-based transaction method and apparatus, and remitter device.” The first named inventor is Baoli Ma of Hangzhou, . The abstract contains an overview of the patent disclosure:

Implementations of the present specification provide a blockchain-based transaction method and apparatus, and a remitter device. The method includes: calculating a transaction amount commitment, a first commitment random number ciphertext, and a second commitment random number ciphertext; and submitting transaction data to the blockchain, the transaction data including the transaction amount commitment, the first commitment random number ciphertext, and the second commitment random number ciphertext, for the transaction amount commitment and the first commitment random number ciphertext to be recorded into a remitter account, and the transaction amount commitment and the second commitment random number ciphertext to be recorded into a remittee account. Link to Full Patent

This blockchain patent was originally filed on October 23, 2020  as U.S. Patent Application 17/079356 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11050549. The assistant examiner was Thomas Ho.

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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