U.S. Patent 10740761 was awarded to Alibaba Group Holding Limited on August 11, 2020 and is entitled “Blockchain-based transaction processing method and apparatus.” The first named inventor is Hao Wu of Shenzhen, . The abstract contains an overview of the patent disclosure:

A blockchain-based transaction processing method may comprise: in response to a designated account being logged in through an application client, generating, according to input to-be-operated account information and configured operation content, an operation instruction comprising the to-be-operated account information and the operation content; and sending the operation instruction to a node in a blockchain network, causing the node in the blockchain network to invoke a smart contract corresponding to the designated account upon receiving the operation instruction, and to execute an operation according to the operation content on another account corresponding to the to-be-operated account information. Link to Full Patent

This blockchain patent was originally filed on March 23, 2018  as U.S. Patent Application 15/933545 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10740761. The primary examiner was Jay Huang.

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 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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