U.S. Patent 10713737 was awarded to Scientia Potentia Est., LLC on July 14, 2020 and is entitled “Use of blockchain-based distributed ledger to reference construction metadata and to use smart contracts for a construction project.” The first named inventor is Michael Lu of Tainan, . The abstract contains an overview of the patent disclosure:

Exemplary embodiments may reference a record of a construction project on a blockchain-based distributed ledger. Materials arriving to the project may be recorded as part of the permanent record. The exemplary embodiments may receive or determine a construction schedule that contains full project details and sequencing, including the specification of dependencies. Smart contracts may be provided that use the blockchain-based distributed ledger for each step or task of the construction schedule. Via smart contract, exemplary embodiments may place and terminate insurance coverage based on the construction schedule and contracts. The exemplary embodiments may build a complete record of plans, the actual “as builts” including make, model, serial number or other identification of for every component in the home resulting from the construction project. The record may include a complete record of who completed the work, who inspected the work and how the project was insured and funded. Link to Full Patent

This blockchain patent was originally filed on July 12, 2019  as U.S. Patent Application 16/510634 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10713737. The primary examiner was Garcia Ade.

Scientia Potentia Est., LLC, who is the original assignee of this patent, has at least 1 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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