U.S. Patent 10997125 was awarded to TECHNION RESEARCH & DEVELOPMENT FOUNDATION LIMITED on May 04, 2021 and is entitled “Proof of lottery (PoL) blockchain.” The first named inventor is Oded Shmueli of Nofit, . The abstract contains an overview of the patent disclosure:

A method of applying proof of lottery to select block forgers in a blockchain, comprising performing the following at a certain one of a plurality of computing nodes connected to a blockchain network: (1) transmitting one or more of a plurality of participation transactions submitted by at least some of the plurality of computing nodes for participating in selection process conducted to select forgers from the plurality of computing nodes to forge blocks to be added to the blockchain; (2) determining a respective forger, during each selection process, by applying a selection function to an outcome of a hash function and a plurality of participation transactions extracted from a first subset of blocks preceding the respective block, the hash function is applied to a second subset of blocks preceding the respective block; and (3) forging the respective block in case the certain computing node is selected as the respective forger. Link to Full Patent

This blockchain patent was originally filed on November 29, 2018  as U.S. Patent Application 16/203670 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10997125. The primary examiner was Longbit Chai.

TECHNION RESEARCH & DEVELOPMENT FOUNDATION LIMITED, who is the original assignee of this patent, has at least 763 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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