U.S. Patent 10977626 was awarded to Capital One Services, LLC on April 13, 2021 and is entitled “Semi-private blockchain virtual currency exchange systems.” The first named inventor is Joshua Edwards of Philadelphia, PA. The abstract contains an overview of the patent disclosure:

A first merchant node on a semi-private blockchain virtual currency exchange system is exclusively capable of creating first virtual currency units. Unaffiliated merchant node(s) are exclusively capable of creating other merchant-specific virtual currency units in the system, while customer computing devices are incapable of creating virtual currency units. The first merchant node creates and issues first virtual currency units to a first customer account associated with a first customer computing device. Upon receiving a transaction request for exchanging first virtual currency unit(s) for a second currency type between the first customer account and another customer account, the first merchant node validates the first transaction request, and creates and sends a first transaction receipt to unaffiliated merchant node(s). Upon receiving a redemption request from a customer account, the first merchant node validates the first redemption request, and creates and sends a first redemption receipt to unaffiliated merchant node(s). Link to Full Patent

This blockchain patent was originally filed on June 14, 2018  as U.S. Patent Application 16/008606 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10977626. The primary examiner was Patrick McAtee.

Capital One Services, LLC, who is the original assignee of this patent, has at least 2278 total granted patents in the United States as of the date of this article. 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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