U.S. Patent 10903982 was awarded to CHINA UNIONPAY CO., LTD. on January 26, 2021 and is entitled “Smart contract-based data transfer method and system.” The first named inventor is Tao ZHU of Millbrae, CA. The abstract contains an overview of the patent disclosure:

The present disclosure relates to a smart contract-based data transfer method, comprising the steps of: a data source encrypting data to be transferred based on a first mechanism to form encrypted data, and sending the encrypted data to a smart contract terminal; the smart contract terminal decrypting the encrypted data based on a second mechanism corresponding to the first mechanism to form the decrypted data, and processing the decrypted data by using at least one logic unit to form the resulting data; and the smart contract terminal sending the resulting data to a data-related party; wherein the at least one logic unit executes an instruction set to implement a contract logic, and the instruction set is stored in a blockchain. Link to Full Patent

This blockchain patent was originally filed on December 10, 2018  as U.S. Patent Application 16/770897 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10903982. The assistant examiner was Ka Shan Choy.

CHINA UNIONPAY CO., LTD., who is the original assignee of this patent, has at least 56 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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