Influential Blockchain Patent – Apparatus, code, methods and systems for providing proof of trust related to smart contracts – US10535111

U.S. Patent 10535111 was awarded on January 14, 2020 and is entitled “Apparatus, code, methods and systems for providing proof of trust related to smart contracts.” The first named inventor is Patrick Damien O’Brien of Chesire, . The abstract contains an overview of the patent disclosure:

Code which when executed on a server is for recording a verified contract outcome associated with contracts before adding to a blockchain. The code receives protocols associated with a triggering event intended to occur in the future. If no disputed information is received within a predetermined amount of time after the triggering event, then recording the contract outcome information on a distributed ledger. If disputed information is received within the predetermined amount of time, then having a decentralized network of third-parties perform a third-party analysis of the disputed information. Displaying graphical representations associated with status information before a consensus contract outcome is determined based upon third-party analysis. Consensus contract outcome information associated with the consensus contract outcome is configured to display graphical representations to the parties of the contract and the consensus contract outcome information is recorded as the verified contract outcome on a distributed ledger. Link to Full Patent

This blockchain patent was originally filed on December 19, 2018  as U.S. Patent Application 16/225324 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10535111. The primary examiner was Jan P Mincarelli.

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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