U.S. Patent 11165589 was awarded to SHAPESHIFT AG on November 02, 2021 and is entitled “Trusted agent blockchain oracle.” The first named inventor is Mark Jackson of Fort Collins, CO. The abstract contains an overview of the patent disclosure:

A trusted blockchain oracle observes events extrinsic to a blockchain to yield an indication of the extrinsic event suitable for submission to a decentralized application on a blockchain. The trusted blockchain oracle signs the indications of the extrinsic events to yield a signed blockchain record. The trusted blockchain oracle publishes a feed of the signed blockchain records or otherwise distributes the signed blockchain records to potential users of the decentralized application at low computational cost. Users who wish to submit a signed blockchain record to the decentralized application may form and broadcast their own transactions including the signed blockchain record and bear the costs of confirming the transaction to the blockchain. The trusted blockchain oracle is thus relieved of the costs of confirming extrinsic events online and may provide a much larger amount of extrinsic event indications than would otherwise be possible. Link to Full Patent

This blockchain patent was originally filed on May 10, 2018  as U.S. Patent Application 15/976730 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11165589. The primary examiner was Aravind K Moorthy.

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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