U.S. Patent 10853772 was awarded on December 01, 2020 and is entitled “Method and system for exchange of value or tokens between blockchain networks.” The first named inventor is Vijay Madisetti of Johns Creek, GA. The abstract contains an overview of the patent disclosure:

A blockchain value transfer method comprising receiving from a client a transfer request to transfer value in a form of at least one of a cryptocurrency and a token, determining if the transfer request is intra-chain or inter-chain, intra-chain defining a combined sending and receiving blockchain network and inter-chain defining a sending blockchain network and a receiving blockchain network, transmitting to the client a response to the transfer request, the response comprising a raw transaction, receiving from the client a response to the raw transaction wherein a private key of a user is used to sign the raw transaction, defining a signed transaction, verifying a signature of the signed transaction and broadcasting the signed transaction to the combined sending and receiving blockchain network if the transaction request is intra-chain or to each of the sending blockchain network and the receiving blockchain network if the transaction request is inter-chain. Link to Full Patent

This blockchain patent was originally filed on May 11, 2018  as U.S. Patent Application 15/976910 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10853772. The assistant examiner was Margaret M Neubig.

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.

Select IP monitors top patents and patents which have been allowed and granted worldwide. We are experts in patent law with experience blockchain technology and IP law and intellectual property law as it pertains to blockchain technology and cryptocurrency patents. If you are interested in connecting with an IP law attorney or patent law attorney, please contact us via the contact form.

Patentability Searches – Determine the patentability of your inventions.
Freedom to Operate Searches & Opinions – Identify patents may give you potential infringement issues (including in the recording, communication or information retrieval equipment field).
Non-Infringement Opinions – Determine if your product infringes a competitor’s patent.
Patent Invalidity Searches & Opinions – Find prior art to invalidate a competitor’s patent.
U.S. Provisional Patent Applications – Receive cost-effective “patent pending” status for your invention.
U.S. Non-Provisional Patent Applications (Utility) – Apply for patent protection on the structural and functional aspects of your invention.
U.S. Design Patent Applications – Apply for patent protection on the ornamental appearance of your invention.