U.S. Patent 10740844 was awarded to SHAPESHIFT AG on August 11, 2020 and is entitled “System and method of managing trustless asset portfolios.” The first named inventor is Erik Voorhees of Dillion, CO. The abstract contains an overview of the patent disclosure:

In some examples, a system or method of implementing a smart contract on a blockchain can involve receiving an indication of a portfolio of assets, an amount from a buyer to invest in the portfolio, a number of assets in the portfolio that is based on exchange rates and the amount to invest, and a confirmation from the buyer of the number of assets. The system or method can involve calculating a cost of the portfolio to yield a contract, receiving the amount and excess collateral from the buyer as a buyer acceptance of the contract, and an entity acceptance of the contract including an entity amount. The system or method can involve receiving, at the smart contract, a request from the buyer to close the contract, and settling the contract via the smart contract at a current value of the portfolio based on pricing data from a valuation entity. Link to Full Patent

This blockchain patent was originally filed on September 26, 2017  as U.S. Patent Application 15/715663 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10740844. The primary examiner was I Jung Liu.

SHAPESHIFT AG, 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 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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