U.S. Patent 11121860 was awarded to LENDINGCLUB CORPORATION on September 14, 2021 and is entitled “Multi-layered blockchain for digital assets.” The first named inventor is Gautam Gupta of Fremont, CA. The abstract contains an overview of the patent disclosure:

An item is encrypted to create a unique hash-value for the item. From this hash-value, an item can be uniquely identified. The hash-value for the item is stored in a first blockchain. When the item is included in a transaction, a transaction entry is stored in a block of the first blockchain. When an item participates in a group of items, a group of items is formed. The group of items is encrypted to create a unique hash-value for the group of items. The hash-value for the group of items may be based on hash-values from the items included in the group of items. The hash-value for the group of items is stored in a second blockchain that is distinct from the first blockchain. When the group of items is included in a transaction, a transaction entry is stored in a block of a second blockchain. Link to Full Patent

This blockchain patent was originally filed on December 27, 2018  as U.S. Patent Application 16/233793 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11121860. The primary examiner was Jung W Kim.

LENDINGCLUB CORPORATION, who is the original assignee of this patent, has at least 19 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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