U.S. Patent 11049104 was awarded to SAMSUNG SDS CO., LTD. on June 29, 2021 and is entitled “Method of processing payment based on blockchain and apparatus thereof.” The first named inventor is Ji Hwan Rhie of Seoul, . The abstract contains an overview of the patent disclosure:

Provided are a method of processing payment based on a blockchain, which is performed by a payment service providing server. The method comprising receiving a request from a terminal of a seller for an electronic wallet address of a payer, the request comprising identification information of the payer, obtaining the electronic wallet address of the payer based on the identification information of the payer through a blockchain system, in response to the receiving the request for the electronic wallet address, transmitting the obtained electronic wallet address of the payer to the terminal of the seller, receiving payment request information from the terminal of the seller, the payment request information comprising the obtained electronic wallet address of the payer, transmitting the payment request information to a terminal of the payer, receiving payment information from the terminal of the payer, the payment information comprising the payment request information and an electronic signature of the payer and processing a payment transaction based on the payment information through the blockchain system in response to the receiving the payment information. Link to Full Patent

This blockchain patent was originally filed on March 23, 2018  as U.S. Patent Application 15/934384 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11049104. The primary examiner was Mamon Obeid.

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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