U.S. Patent 11042874 was awarded to Advanced New Technologies Co., Ltd. on June 22, 2021 and is entitled “Blockchain-based transaction processing method and apparatus, and electronic device.” The first named inventor is Jiyuan Wang of Hangzhou, . The abstract contains an overview of the patent disclosure:

A computer-implemented method for processing blockchain-based transactions, the computer-implemented method including: receiving a target transaction initiated by a member node device in a blockchain, wherein the target transaction comprises a unique identifier of the target transaction; querying a transaction idempotent table on the block chain to determine whether the transaction idempotent table has stored a transaction idempotent record corresponding to the unique identifier of the target transaction; and in response to determining that the transaction idempotent table has not stored the transaction idempotent record corresponding to the unique identifier of the target transaction, recording the target transaction in a candidate block on the blockchain. Link to Full Patent

This blockchain patent was originally filed on May 29, 2019  as U.S. Patent Application 16/425195 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11042874. The assistant examiner was Jahed Ali.

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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