U.S. Patent 10652019 was awarded to QED-IT SYSTEMS LTD. on May 12, 2020 and is entitled “Atomic swap using zero-knowledge proofs, and applications thereof.” The first named inventor is Ori Wallenstein of Raanana, . The abstract contains an overview of the patent disclosure:

Disclosed herein are system, method, and computer program product embodiments for performing transactions or atomic swaps using zero-knowledge proofs (“ZKPs”). A first system may propose a transaction between with a second system. The first system may generate a first ZKP indicating that the first system has possession of an asset desired by the second system and that the first system is committing the asset to the transaction. The second system may also similarly generate a second ZKP. These ZKPs may be encrypted and exchanged. The second system may receive an encrypted version of the first ZKP, perform a decryption using a key specific to the second system, and verify the ZKP. When the parties verify the ZKPs, this confirms that each party has committed the requested asset and that the transaction may proceed. The transaction may be committed to a blockchain. Link to Full Patent

This blockchain patent was originally filed on August 28, 2019  as U.S. Patent Application 16/554219 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10652019. The primary examiner was Shawnchoy Rahman.

QED-IT SYSTEMS LTD., who is the original assignee of this patent, has at least 4 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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