U.S. Patent 10673619 was awarded to Alibaba Group Holding Limited on June 02, 2020 and is entitled “System and method for digital asset transfer.” The first named inventor is Wenlong Yang of Huizhou, . The abstract contains an overview of the patent disclosure:

Methods, systems, and apparatus, including computer programs encoded on computer storage media, for digital asset transfer. One of the methods includes: obtaining a request for transferring a quantity of a digital asset from a first blockchain account associated with a blockchain to a second blockchain account associated with the blockchain, wherein the request identifies a tangible asset corresponding to the digital asset; determining a blockchain contract that is deployed on the blockchain and that corresponds to the tangible asset identified in the request; generating, based on the obtained request, a blockchain transaction for transferring the quantity of the digital asset from the first blockchain account to the second blockchain account, wherein the blockchain transaction invokes the determined blockchain contract; and sending the generated blockchain transaction to a blockchain node for adding to the blockchain. Link to Full Patent

This blockchain patent was originally filed on January 14, 2020  as U.S. Patent Application 16/741979 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10673619. The primary examiner was Mohammed Waliullah.

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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