U.S. Patent 10699493 was awarded to Hausman Properties, LLC on June 30, 2020 and is entitled “System and method for toll transactions utilizing a distributed ledger.” The first named inventor is Brian Hausman of Houston, TX. The abstract contains an overview of the patent disclosure:

The present disclosure relates to implementing an electronic toll data collection management system in a decentralized computing network that employs a distributed ledger. An electronic toll data collection management system may comprise a plurality of nodes, wherein the plurality of nodes are connected to each other over a communication network. Each node may have access to a copy of a distributed ledger, wherein the plurality of nodes is configured to utilize blockchain protocols to verify and record a transaction occurring within the distributed ledger. Data may be recorded as a block, wherein a blockchain is formed by the addition of blocks. Each block may be encrypted and linked to a previous block, wherein a consensus must be reached to update the distributed ledger with the addition of a new block. Link to Full Patent

This blockchain patent was originally filed on December 09, 2017  as U.S. Patent Application 15/836846 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10699493. The primary examiner was Ryan A Reis.

Hausman Properties, LLC, who is the original assignee of this patent, has at least 1 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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