Influential EMC IP Holding Company LLC Blockchain Patent – Request approval using blockchain technology – US10855447

U.S. Patent 10855447 was awarded to EMC IP Holding Company LLC on December 01, 2020 and is entitled “Request approval using blockchain technology.” The first named inventor is Parmeshwr Prasad of Bangalore, . The abstract contains an overview of the patent disclosure:

Methods, apparatus, and processor-readable storage media for request approval using blockchain technology are provided herein. An example computer-implemented method includes initiating creation of a blockchain network comprising multiple devices corresponding to required sub-requests configured for a particular request for approval transaction; implementing, at a given one of the devices, a distinct block in the blockchain network, wherein the block comprises cryptographic information pertaining to the particular request for approval transaction, a decision value for one or more of the sub-requests, and a count of the cryptographic tokens remaining in the blockchain network; broadcasting, from the given device to the remaining devices, information pertaining to the block; removing at least one cryptographic tokens from the blockchain network in response to each implemented block that corresponds to approval of a required sub-request; and granting the particular request in response to removal of all of the cryptographic tokens from the blockchain network. Link to Full Patent

This blockchain patent was originally filed on October 30, 2018  as U.S. Patent Application 16/174638 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10855447. The primary examiner was Hosuk Song.

EMC IP Holding Company LLC, who is the original assignee of this patent, has at least 9796 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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