Influential Dell Products L.P. Blockchain Patent – Detecting cashback and other related reimbursement frauds using blockchain technology – US11195179

U.S. Patent 11195179 was awarded to Dell Products L.P. on December 07, 2021 and is entitled “Detecting cashback and other related reimbursement frauds using blockchain technology.” The first named inventor is Shubham Gupta of Jaipur, . The abstract contains an overview of the patent disclosure:

Methods, apparatus, and processor-readable storage media for detecting cashback and other related reimbursement frauds are provided herein. An example computer-implemented method includes implementing, in response to a transaction between a user and a first enterprise, a block in a blockchain network, wherein the block comprises transaction-related information comprising reimbursement-related data and cryptographic information; generating a smart contract in conjunction with the block, wherein the smart contract comprises a software protocol pertaining to carrying out a reimbursement process, related to the transaction, between the user and a second enterprise; executing the smart contract in response to an indication that transaction-related information provided to the second enterprise by the user has been verified against the transaction-related information contained within the block; and modifying, in response to the execution of the smart contract, a status identifier of the block, wherein the modification of the status identifier reduces subsequent access to the block. Link to Full Patent

This blockchain patent was originally filed on October 31, 2018  as U.S. Patent Application 16/176307 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11195179. The assistant examiner was Jason B Fenstermacher.

Dell Products L.P., who is the original assignee of this patent, has at least 6891 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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