U.S. Patent 10891613 was awarded on January 12, 2021 and is entitled “Methods and systems for governing usage-based leases utilizing blockchain capital.” The first named inventor is Keith William Schindler of Nipomo, CA. The abstract contains an overview of the patent disclosure:

A method and system comprise leasing of proprietary digitized items, or items containing digital processing components, where usage of items is enabled through digital processing means. Fungible blockchain currency amounts determine the degree of usage of items, where a finite amount of blockchain currency is available to lessors. Lessors may adjust their level of capitalization, allowing usage of items by lessees, by acquiring or disposing of blockchain currency in order to adjust to varying market demand for said items. In the case where blockchain currency represents cryptocurrency-based securities, owners of items or investors may profit by buying, selling and/or distributing said securities during varying market conditions. Link to Full Patent

This blockchain patent was originally filed on January 31, 2019  as U.S. Patent Application 16/264666 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10891613. The primary examiner was Kaveh Abrishamkar.

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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