Influential Alibaba Group Holding Limited Blockchain Patent – Blockchain-based service execution method and apparatus, and electronic device – US10719884

U.S. Patent 10719884 was awarded to Alibaba Group Holding Limited on July 21, 2020 and is entitled “Blockchain-based service execution method and apparatus, and electronic device.” The first named inventor is Danqing Hu of Hangzhou, . The abstract contains an overview of the patent disclosure:

Appearance data of a target entity is collected as appearance data, where the target entity comprises a physical entity capable of accessing, as a member, a blockchain. The appearance data is registered in a distributed database associated with the blockchain as an identity of the target entity. A target transaction initiated by a member node device in the blockchain is received, where the target transaction comprises the appearance data of the target entity that is collected by the member node device and a service event that is related to the target entity and that is detected by the member node device. A smart contract that corresponds to the service event is invoked. Based on the identity indicated by the appearance data of the target entity, service logic stated in the smart contract is executed. Link to Full Patent

This blockchain patent was originally filed on March 29, 2019  as U.S. Patent Application 16/370317 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10719884. The primary examiner was Ojo O Oyebisi.

Alibaba Group Holding Limited, who is the original assignee of this patent, has at least 1834 total granted patents in the United States as of the date of this article. This blockchain patent has been cited 2 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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