U.S. Patent 11120435 was awarded to Intercontinental Exchange Holdings, Inc. on September 14, 2021 and is entitled “Multi-signature verification network.” The first named inventor is Jerry Perullo of Atlanta, GA. The abstract contains an overview of the patent disclosure:

Systems and methods for authorizing a blockchain transaction. A verification network receives a transaction request for the blockchain transaction from a payer device including a first signature generated by a first private key associated with a payer. The verification network broadcasts a verification request to verification system(s) which assess pre-agreed threshold parameters. If the parameter(s) are satisfied, at least one verification system perfects the transaction by generating a second signature using a second private key, and broadcasts the transaction to the blockchain network. If the parameter(s) are not satisfied, verification offer(s) from among the verification system(s) including the second signature(s) are used to prompt the payer device to confirm the blockchain transaction by selecting at least one of the offer(s). The verification network receives selected offer(s) from the payer device and broadcasts the transaction to the blockchain network, in accordance with the selected offer(s) and the transaction request. Link to Full Patent

This blockchain patent was originally filed on April 09, 2021  as U.S. Patent Application 17/226142 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11120435. The primary examiner was Frantzy Poinvil.

Intercontinental Exchange Holdings, Inc., who is the original assignee of this patent, has at least 43 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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