Influential FIRST AMERICAN FINANCIAL CORPORATION Blockchain Patent – Systems and methods for using blockchains to record, manage, and transfer ownership rights to land titles – US10878522

U.S. Patent 10878522 was awarded to FIRST AMERICAN FINANCIAL CORPORATION on December 29, 2020 and is entitled “Systems and methods for using blockchains to record, manage, and transfer ownership rights to land titles.” The first named inventor is David Andrew Brown of Kitchener, . The abstract contains an overview of the patent disclosure:

Techniques described herein are directed to using blockchains to record, manage, and transfer ownership rights to land titles. A method in accordance with these techniques may include: creating a property blockchain that is permissioned, the property blockchain including a chronologically ordered, back-linked list of one or more blocks, the one or more blocks including a genesis block, the genesis block including property attributes including one more of the following: a physical address of the property, a year the property was built, and an owner of the property; and transmitting the property blockchain to permissioned nodes on a network, where the permissioned nodes validate transactions associated with the property that are recorded on the property blockchain. Link to Full Patent

This blockchain patent was originally filed on August 18, 2017  as U.S. Patent Application 15/681227 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10878522. The assistant examiner was Duan Zhang.

FIRST AMERICAN FINANCIAL CORPORATION, who is the original assignee of this patent, has at least 13 total granted patents in the United States as of the date of this article. This blockchain patent has been cited 2 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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