Influential Royal Bank of Canada Blockchain Patent – Distributed ledger platform for vehicle records – US10755327

U.S. Patent 10755327 was awarded to Royal Bank of Canada on August 25, 2020 and is entitled “Distributed ledger platform for vehicle records.” The first named inventor is Iustina-Miruna VINTILA of Bucharest, . The abstract contains an overview of the patent disclosure:

Embodiments described herein provide a vehicle record platform using blockchain technology. Vehicle records are recorded using blocks linked by vehicle identification number. The vehicle record stores historical information about vehicles, including collision information, financing information, transfer of ownership information, and other transaction information. Link to Full Patent

This blockchain patent was originally filed on July 18, 2017  as U.S. Patent Application 15/652532 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10755327. The primary examiner was Kathleen Palavecino.

Royal Bank of Canada, who is the original assignee of this patent, has at least 58 total granted patents in the United States as of the date of this article. This blockchain patent has been cited 2 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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