U.S. Patent 11062307 was awarded to Capital One Services, LLC on July 13, 2021 and is entitled “System and method of using localized blockchain to enable payment card use without connectivity.” The first named inventor is Jeremy Goodsitt of Champaign, IL. The abstract contains an overview of the patent disclosure:

Examples for enabling off-network transactions to be performed and securely managed are provided. An example system may include a data network, a digital ledger server, a blockchain platform, smart payment devices, and point of sale devices. Each respective point of sale device and each respective smart device may be operable to perform an off-network transaction, and store information related to the transaction in a digital ledger coupled to each respective device. When a transaction is executed between a POS device and a smart payment device, the POS device and smart payment device exchange a record of all off-network transactions that each respective device has executed since the last time a connection was made to the data network. When a network connection is established for each device, the respective information stored in the digital ledger is uploaded to the blockchain platform for storage and the digital ledger server for transaction resolution. Link to Full Patent

This blockchain patent was originally filed on August 26, 2019  as U.S. Patent Application 16/551275 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11062307. The primary examiner was Florian M Zeender.

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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