Influential Blockchain Patent – Ultra-secure blockchain enabled analytics – US10721058

U.S. Patent 10721058 was awarded on July 21, 2020 and is entitled “Ultra-secure blockchain enabled analytics.” The first named inventor is William Krut of Durham, NC. The abstract contains an overview of the patent disclosure:

A system and method for analyzing and reporting on data held within a secure blockchain without decrypting information from the blockchain is provided. Incoming information and data files may be encrypted using any preferred method of encryption, with a hash created by an AI process for the data within the data files prior to encryption. A second hash is created after encryption is performed on the first hash, with an association string created to directly relate the first hash values with the second hash values. Metadata about the hashed data is analyzed with the information directly relatable to each of the first and second hash data, with the analytic information provided in a report to a user. The user decides what data to retrieve from the blockchain from the report. Link to Full Patent

This blockchain patent was originally filed on October 29, 2018  as U.S. Patent Application 16/173483 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10721058. The primary examiner was David J Pearson.

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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