U.S. Patent 11044095 was awarded to Factom, Inc. on June 22, 2021 and is entitled “Debt recordation to blockchains.” The first named inventor is Zachary Lynde of Austin, TX. The abstract contains an overview of the patent disclosure:

Accounts receivables, accounts payables, and other debt instruments are registered to blocks of data in a blockchain. The blockchain may then be dispersed to subscribers for inspection. Any subscriber may inspect the blockchain, evaluate the debt instruments registered to the blockchain, and conduct automated, electronic purchases of any debt instruments. Smart, digital contracts executed by the blockchain may automate purchase of the debt instruments. Link to Full Patent

This blockchain patent was originally filed on November 15, 2018  as U.S. Patent Application 16/191585 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11044095. The primary examiner was Joseph P Hirl.

Factom, Inc., who is the original assignee of this patent, has at least 11 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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