Influential Alibaba Group Holding Limited Blockchain Patent – Blockchain data processing methods, apparatuses, processing devices, and systems – US10581610

U.S. Patent 10581610 was awarded to Alibaba Group Holding Limited on March 03, 2020 and is entitled “Blockchain data processing methods, apparatuses, processing devices, and systems.” The first named inventor is Xuming Lu of Hangzhou, . The abstract contains an overview of the patent disclosure:

Techniques for processing blockchain data are described. Each contract participant of a plurality of contract participants in a blockchain generates, for a target contract, a paired temporary public key and private key generated based on an asymmetric encryption algorithm. Each contract participant sends the temporary public key to other contract participants. First signature data is generated by each contract participant signing data information including the target contract and temporary public keys of the contract participants by using the temporary private key. A contract participant encrypts predetermined contract information by using a regulatory key of a regulator to generate an encrypted contract signed by each contract participant using the temporary private key, to generate second signature data. Creation data is determined and submitted to the blockchain for storage, where the creation data includes the temporary public key and the second signature data of each contract participant and the encrypted contract. Link to Full Patent

This blockchain patent was originally filed on May 09, 2019  as U.S. Patent Application 16/408218 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10581610. The primary examiner was Brandon S Hoffman.

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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