U.S. Patent 11004070 was awarded to Advanced New Technologies Co., Ltd. on May 11, 2021 and is entitled “Method, apparatus and electronic device for blockchain transactions.” The first named inventor is Baoli Ma of Hangzhou, . The abstract contains an overview of the patent disclosure:

A method for implementing blockchain-based transactions includes: determining a to-be-remitted amount for each of a plurality of remitters participating in a transaction and a to-be-received amount for each of a plurality of receivers participating in the transaction, wherein the plurality of remitters include one or more real remitters, the plurality of receivers include one or more real receivers, and the plurality of remitters include one or more cover-up remitters and/or the plurality of receivers include one or more cover-up receivers; generating a commitment of the to-be-remitted amount corresponding to the each remitter and a commitment of the to-be-received amount corresponding to the each receiver; and submitting the transaction to a blockchain for execution, wherein the transaction comprises blockchain account addresses of the remitters and receivers, and the commitments of the to-be-remitted amounts and the to-be-received amounts. Link to Full Patent

This blockchain patent was originally filed on May 20, 2020  as U.S. Patent Application 16/879718 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11004070. The assistant examiner was Timothy Paul Sax.

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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