U.S. Patent 11138597 was awarded to Advanced New Technologies Co., Ltd. on October 05, 2021 and is entitled “System and method for improving security of smart contract on blockchain.” The first named inventor is Zhongxiao Yao of Zhejiang, . The abstract contains an overview of the patent disclosure:

A computer-implemented method for improving security of smart contract comprises: obtaining a first and a second transactions both invoking a smart contract, wherein the first transaction is associated with a protection condition; executing the second transaction and updating a current state of the smart contract; determining whether the updated current state of the smart contract satisfies the protection condition; in response to determining that the updated current state satisfies the protection condition, executing the first transaction, and recording the second and the first transactions into a data block for adding to a blockchain; and in response to determining that the updated current state does not satisfy the protection condition, recording the second transaction into another data block for adding to the blockchain, without executing the first transaction. Link to Full Patent

This blockchain patent was originally filed on December 10, 2019  as U.S. Patent Application 16/709817 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11138597. The primary examiner was Zeshan Qayyum.

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.