U.S. Patent 10832247 was awarded to AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC. on November 10, 2020 and is entitled “Systems and methods for blockchain based payment networks.” The first named inventor is Upendra Mardikar of San Jose, CA. The abstract contains an overview of the patent disclosure:

A system for operating a payment network with a blockchain-based ledger may prepare a request to complete a transaction from an account associated with a payer digital wallet for entry on the blockchain. The request may include an amount and payee address associated with a payee digital wallet. The system may also send the request to the blockchain using a blockchain interface. The system may approve or decline the request. The system may further adjust a balance of the payer a balance of the payee to reflect approval of the request. The adjustment may include writing the transaction to the blockchain. Link to Full Patent

This blockchain patent was originally filed on September 15, 2016  as U.S. Patent Application 15/266350 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10832247. The primary examiner was Lindsay M Maguire.

AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC., who is the original assignee of this patent, has at least 1156 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.

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