Influential Ranieri IP, LLC Blockchain Patent – Methods and apparatus for servicing an obligation utilizing a blockchain – US10482533

U.S. Patent 10482533 was awarded to Ranieri IP, LLC on November 19, 2019 and is entitled “Methods and apparatus for servicing an obligation utilizing a blockchain.” The first named inventor is Richard Sheridan Collins of New York, NY. The abstract contains an overview of the patent disclosure:

Apparatus and methods for providing transparency, security, and auditability to a loan servicing process by encoding Loan Actions and associated Action data, onto a Blockchain. The Blockchain is distributed to Participants in the Loan, such as the Borrowers, Regulators, Servicers, and Vendors. The present disclosure further provides a method for homogenizing a variety of Vendor Formats for inclusion on the Blockchain and memorializing execution of a smart contract on the Blockchain. simplifying Transactions such as assignment of the rights of a Participant are simplified and memorialized and accessible via a communications network. Link to Full Patent

This blockchain patent was originally filed on March 03, 2019  as U.S. Patent Application 16/290920 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10482533. The primary examiner was Kito R Robinson.

Ranieri IP, LLC, who is the original assignee of this patent, has at least 3 total granted patents in the United States as of the date of this article. This blockchain patent has been cited 1 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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