U.S. Patent 11042876 was awarded to Advanced New Technologies Co., Ltd. on June 22, 2021 and is entitled “Transaction method and system based on centralized settlement and blockchain deposit certificates.” The first named inventor is Xinying Yang of Hangzhou, . The abstract contains an overview of the patent disclosure:

A method includes: receiving, by a service logic execution module of a designated member node, a transaction request comprising a paying user identifier of a paying user, a designated resource amount, and a receiving user identifier of a receiving user, the paying user paying the designated resource amount, and the receiving user receiving the designated resource amount, wherein the designated member node is one of a plurality of member nodes of a blockchain network; prior to the blockchain network performing consensus verification on the transaction request, performing, by the service logic execution module, transaction feasibility verification off the blockchain network according to the transaction request; sending, by the service logic execution module, an account balance modification instruction to a database management module of the designated member node in response to the transaction feasibility verification being successful. Link to Full Patent

This blockchain patent was originally filed on October 30, 2020  as U.S. Patent Application 17/086013 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11042876. The primary examiner was Khoi V Le.

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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