U.S. Patent 10509919 was awarded to Alibaba Group Holding Limited on December 17, 2019 and is entitled “Blockchain-based transaction processing method and apparatus.” The first named inventor is Jiyuan Wang of Hangzhou, . The abstract contains an overview of the patent disclosure:

A target transaction initiated by a member node device in a blockchain is received, where the target transaction include a reference time parameter, and where the reference time parameter is used to determine whether the target transaction is a valid transaction within a transaction validity period. Based on the reference time parameter, a determination is performed as to whether the target transaction is a valid transaction within a transaction validity period. In response to determining that the target transaction is a valid transaction within the transaction validity period, the target transaction is recorded to a generated candidate block. Link to Full Patent

This blockchain patent was originally filed on May 29, 2019  as U.S. Patent Application 16/424683 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10509919. The primary examiner was Amare F Tabor.

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 1 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.