U.S. Patent 11188883 was awarded to INTERNATIONAL BUSINESS MACHINES CORPORATION on November 30, 2021 and is entitled “Using ledger sensors to enable contextual contracts across various enterprise blockchain applications.” The first named inventor is Nitin Gaur of Round Rock, TX. The abstract contains an overview of the patent disclosure:

A system, method, and computer program product provides contextual contracts across various enterprise blockchain applications. In an aspect of the present disclosure, a method is disclosed including receiving a contextual contract for addition to a blockchain. The contextual contract includes at least one state dependent term. The method further includes appending a block to the blockchain based on the received contextual contract and in response to appending the block, activating a ledger sensor for the contextual contract. The ledger sensor is configured to monitor at least one of the blockchain and at least one other blockchain for transactions that correspond to the at least one term. The method further includes receiving from the ledger sensor data about transactions that corresponding to the at least one term and finalizing the contextual contract by appending a block to the blockchain based on the received data and the contextual contract. Link to Full Patent

This blockchain patent was originally filed on September 23, 2016  as U.S. Patent Application 15/274296 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11188883. The primary examiner was Jamie R Kucab.

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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