U.S. Patent 11062294 was awarded to INTERNATIONAL BUSINESS MACHINES CORPORATION on July 13, 2021 and is entitled “Cognitive blockchain for customized interchange determination.” The first named inventor is Rahul Jain of Sunnyvale, CA. The abstract contains an overview of the patent disclosure:

An example operation may include one or more of identifying, via a cognitive system, that a change in a creditworthiness attribute of a cardholder has occurred with respect to a previous creditworthiness of the cardholder, in response to identifying the change in the creditworthiness attribute of the cardholder, dynamically determining a custom interchange value for the cardholder to be used in payment transactions based on a current credit data of the cardholder, transmitting the dynamically determined custom interchange value for the cardholder to one or more blockchain peer nodes, and storing the dynamically determined custom interchange value in a hash-linked chain of blocks via a distributed ledger. Link to Full Patent

This blockchain patent was originally filed on December 10, 2018  as U.S. Patent Application 16/214692 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11062294. The primary examiner was Andrew Joseph Rudy.

INTERNATIONAL BUSINESS MACHINES CORPORATION, who is the original assignee of this patent, has at least 150818 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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