U.S. Patent 11087346 was awarded to Advanced New Technologies Co., Ltd. on August 10, 2021 and is entitled “Retrieving values of digital tickets using smart contracts in blockchain networks.” The first named inventor is Zhiyuan Feng of Hangzhou, . The abstract contains an overview of the patent disclosure:

Disclosed herein are methods, systems, and apparatus, including computer programs encoded on computer storage media, for retrieval of values of digital tickets. One of the methods includes receiving a request from a client device for a current value of a digital ticket by a distributing node. The request includes the digital ticket and one or more value changing rules for determining the current value of the digital ticket. The distributing node retrieves a smart contract from a blockchain network in response to the request from the client device. The smart contract includes the one or more value changing rules for determining the current value of the digital ticket. The distributing node determines the current value of the digital ticket based on an original value of the digital ticket and the one or more value changing rules by executing the smart contract, and associates the current value with the digital ticket. Link to Full Patent

This blockchain patent was originally filed on October 31, 2019  as U.S. Patent Application 16/671032 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11087346. The primary examiner was Thuy N Nguyen.

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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