Influential DocTrace, LLC Blockchain Patent – Certified transaction authentication system for unilaterally-issued records – US10931672

U.S. Patent 10931672 was awarded to DocTrace, LLC on February 23, 2021 and is entitled “Certified transaction authentication system for unilaterally-issued records.” The first named inventor is Marcio C Esteves of Austin, TX. The abstract contains an overview of the patent disclosure:

Apparatus and associated methods relate to generating persistent transaction records (PTR), each containing fields/parameters determined by a template that gets stored on a centralized blockchain to identify a certified transaction associated with a particular Certified Body and Certified Subject pair, the persistent transaction records being unilaterally issued by the Certified Body. In an illustrative example, the Certified Body may be authenticated by a trusted Certifying Transaction Authority System (CTAS) configured to authenticate parametric data from one or more Certified Bodies and cause the authenticated parameters to be stored on the blockchain in association with the Certified Subject as a PTR. The PTR may be accessible in the decentralized blockchain by, for example, the Certified Body, the Certified Subject, and an authorized 3rd Party. The CTAS may advantageously provide an automated infrastructure for unilateral issuance of trustworthy and immutable records of diverse information (e.g., credentials, experience, rights) relating to Certified Subjects. Link to Full Patent

This blockchain patent was originally filed on August 07, 2020  as U.S. Patent Application 16/988148 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10931672. The primary examiner was Arvin Eskandarnia.

DocTrace, LLC, who is the original assignee of this patent, has at least 1 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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