U.S. Patent 11048825 was awarded to Advanced New Technologies Co., Ltd. on June 29, 2021 and is entitled “Managing a smart contract on a blockchain.” The first named inventor is Ying Yan of Hangzhou, . The abstract contains an overview of the patent disclosure:

A computer-implemented method includes: in response to a first client device invoking a transaction with respect to a target smart contract, obtaining, by a blockchain node device in a blockchain, encrypted contract codes of the target smart contract; transmitting the encrypted contract codes of the target smart contract to a trusted execution environment; in response to determining that the target smart contract is not a managed smart contract, extracting a decryption key stored in the trusted execution environment, in which the decryption key corresponds to the encrypted contract codes of the target smart contract; decrypting the encrypted contract codes of the target smart contract; executing the decrypted contract codes of the target smart contract in the trusted execution environment; encrypting the execution result; and transmitting the encrypted execution result to the distributed ledgers of the blockchain for storage. Link to Full Patent

This blockchain patent was originally filed on November 13, 2020  as U.S. Patent Application 17/098124 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11048825. The primary examiner was Brandon S Hoffman.

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.