U.S. Patent 10666424 was awarded to MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY on May 26, 2020 and is entitled “Systems and methods for trigger based synchronized updates in a distributed records environment.” The first named inventor is Abigail O’Malley of Brighton, MA. The abstract contains an overview of the patent disclosure:
A computerized system and method may include, in response to receiving a blockchain via a communications network that includes information associated with an event, parsing, by a blockchain parsing engine being executed by a blockchain node, the information to identify a status state of an item related to the event. The blockchain may be inclusive of the information along with the status state of the item may be stored in a storage unit. An event tracking engine may determine from the parsed information that the status state of the item transitioned from a first state to a second state. Responsive to the event tracking engine determining that a qualifying state is satisfied by the item being in the second state, automatically executing, by the blockchain node, a smart code inclusive of initiating communications between a first party and a second party. Link to Full Patent
This blockchain patent was originally filed on October 20, 2017 as U.S. Patent Application 15/789429 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10666424. The primary examiner was Baotran N To.
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY, who is the original assignee of this patent, has at least 212 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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