Influential Guardtime SA Blockchain Patent – System and method for registering multi-party consent – US10936732

U.S. Patent 10936732 was awarded to Guardtime SA on March 02, 2021 and is entitled “System and method for registering multi-party consent.” The first named inventor is Hema Krishnamurthy of Phoenix, AZ. The abstract contains an overview of the patent disclosure:

Multi-party consent to performance of an action is securely registered by receiving from at least one consent requesting entity (CRE) a consent action request (CAR), which is matched with a consent policy. The policy may specify a plurality of consent voting entities (CVE), and direct confirmation of registration of an identity of each CVE in a blockchain. A consent request (CR) may then be issued to the CVEs. Consent request responses (CRRs) from the CVEs are then compared with at least one condition in the consent policy. A representation of a state of the CRRs is relative to the consent policy is registered in the blockchain. If the policy condition(s) is satisfied, a subject entity may be signaled to perform the action corresponding to the CAR, and a state indication of performance of the action may also be registered in the blockchain. Link to Full Patent

This blockchain patent was originally filed on July 29, 2018  as U.S. Patent Application 16/048331 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10936732. The primary examiner was Baotran N To.

Guardtime SA, who is the original assignee of this patent, has at least 33 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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