U.S. Patent 10922692 was awarded to SAMSUNG SDS CO., LTD. on February 16, 2021 and is entitled “Method for calculating confirmation reliability for blockchain based transaction and blockchain network monitoring system for performing the method.” The first named inventor is Kwang-Wook Lee of Seoul, . The abstract contains an overview of the patent disclosure:

Provided is a method comprising acquiring information on a branch formed on blockchain data, calculating a difference in a block height between a target block corresponding to a current block height of the blockchain data and a block in a non-branched state based on the information on the branch and calculating a transaction confirmation reliability of transaction data recorded in the target block based on the difference in the block height, wherein the transaction confirmation reliability indicates a probability that, for as k blocks are further connected after the target block, a position of the block at which the transaction data is recorded will not change, wherein k is an integer greater than zero. Link to Full Patent

This blockchain patent was originally filed on March 23, 2018  as U.S. Patent Application 15/933592 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10922692. The primary examiner was Taghi T Arani.

SAMSUNG SDS CO., LTD., who is the original assignee of this patent, has at least 247 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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