U.S. Patent 10095888 was awarded on 2018-10-09 and describes a “Secure decentralized system utilizing smart contracts, a blockchain, and/or a distributed file system.” This blockchain patent has been cited 29 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. The abstract states:

A node associated with an organization may receive a storage identifier for new credit data associated with an individual. A distributed ledger and distributed data sources may be used to share the new credit data with a network of nodes. The node may update a smart contract with the storage identifier for the new credit data. The node may receive, from a particular device associated with the organization, a request for the new credit data. The node may obtain the storage identifier for the new credit data from the smart contract. The node may obtain the new credit data by using the storage identifier to search the distributed data sources. The node may provide the new credit data to the particular device. The node may perform actions to obtain additional new credit data from the distributed data sources or provide the additional new credit data to the distributed data sources. Link to Full Patent

This patent was originally filed on 2018-06-04 which gives it an average processing time in the field. Capital One Services, LLC has 2278 total patents. The first named inventor is Jonathan Lee of Kitchener, . The primary examiner was Beemnet W Dada.

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