U.S. Patent 10872077 was awarded on December 22, 2020 and is entitled “Management of entitlements using blockchain.” The first named inventor is David D. Wright of Dacula, GA. The abstract contains an overview of the patent disclosure:

Methods for managing entitlements of products and services using blockchain are described. One method includes the steps of storing by a blockchain fabric a ledger that stores transaction data, smart contracts that process transactions, creating an entitlement, receiving by the blockchain a create entitlement transaction request, adding, by the smart contract, an entitlement block to the ledger, issuing by the entitled product a usage transaction that reports usage of the entitled product, upon receiving the usage transaction, adding, by a smart contract, a usage block to the ledger, and determining, by the smart contract, that an entitlement limit has been reached. Another method describes a container mechanism that provides a way to identify all blocks associated with a base entitlement. Link to Full Patent

This blockchain patent was originally filed on November 17, 2017  as U.S. Patent Application 15/816025 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10872077. The primary examiner was Dangelino N Gortayo.

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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