U.S. Patent 10839386 was awarded to eBay Inc. on November 17, 2020 and is entitled “Stored value smart contracts on a blockchain.” The first named inventor is David J. Kamalsky of San Jose, CA. The abstract contains an overview of the patent disclosure:

Technologies are shown for managing stored value on a blockchain involving creating a stored value contract block on a blockchain having an identifier of a first entity and code for transferring a portion of a stored value to a designated party. Funds data is stored to the blockchain indicating the stored value committed to the stored value contract block by the first entity. Code is invoked with an identifier of a second entity to transfer a portion of the stored value to the second entity. Some examples involve an intermediary entity verifying conditions defined in the stored value contract block in order to complete transfer. Other examples involve an intermediary entity monitoring conditions in order to initiate transfer when the conditions are satisfied. Link to Full Patent

This blockchain patent was originally filed on November 06, 2018  as U.S. Patent Application 16/181814 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10839386. The primary examiner was Kelly S Campen.

eBay Inc., who is the original assignee of this patent, has at least 2421 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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