U.S. Patent 10856116 was awarded on December 01, 2020 and is entitled “Blockchain system and method for calculating location of time-crucial shipments according to expectation and smart contracts.” The first named inventor is Elliot Klein of Aventura, FL. The abstract contains an overview of the patent disclosure:

A client-server system and a blockchain method for calculating whether a time-crucial shipment is located according to an expectation comprising a client device adapted for being adhered to or placed within a time-crucial package shipment; and a remote special purpose computer server comprising a transit plan schedule database based on pickup time and location stored in memory, the remote special purpose computer server being programmed to calculate a location of the client device based on data accessed from a Wi-Fi access point location database, the transmitted identification data, and the transmitted signal strength data, and compare the calculated location to an expected location based on common carrier schedule transit plan pickup time and delivery location received from third party database sources. Link to Full Patent

This blockchain patent was originally filed on August 05, 2020  as U.S. Patent Application 16/985470 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10856116. The primary examiner was Monica C King.

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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