Influential Alibaba Group Holding Limited Blockchain Patent – System and method for parallel-processing blockchain transactions – US10700852

U.S. Patent 10700852 was awarded to Alibaba Group Holding Limited on June 30, 2020 and is entitled “System and method for parallel-processing blockchain transactions.” The first named inventor is Ning Xia of Hangzhou, . The abstract contains an overview of the patent disclosure:

Methods, systems, and apparatus, including computer programs encoded on computer storage media, for parallel-processing blockchain transactions are provided. One of the methods includes: obtaining a plurality of candidate transactions for adding to a blockchain; grouping the candidate transactions into one or more transaction groups; creating one or more copies of at least a portion of a data structure of a latest block of the blockchain; associating the one or more transaction groups respectively with the one or more copies of the data structure; executing the candidate transactions in each of the transaction groups and updating the associated copies of the data structure; and merging the updated copies of the data structure to obtain at least a portion of a new data structure of a new block to add to the blockchain. Link to Full Patent

This blockchain patent was originally filed on January 06, 2020  as U.S. Patent Application 16/735233 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10700852. The primary examiner was Ellen Tran.

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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