U.S. Patent 11121874 was awarded to The University of Stavanger on September 14, 2021 and is entitled “Method for analyzing data using a blockchain, a data provider and a data customer therefor.” The first named inventor is Chunming Rong of Stavanger, . The abstract contains an overview of the patent disclosure:

A method for analyzing data using a blockchain, a data provider and a data customer therefor are disclosed. The method analyzing data using a blockchain is provided wherein a plurality of data sets is stored and processed in a data storage in a distributed manner using a cluster of nodes. The method comprises steps of deploying a smart contract to the blockchain according to a request from a data customer, receiving a request for executing code for data sets selected by a data customer, estimating an amount of token required for executing the code for the selected data sets in the data storage, and controlling, in said distributed manner using the cluster of nodes, execution of the code for the selected data sets based on the balance amount of token while the balance amount of token is greater than the estimated amount of token. The request for executing code includes code to be executed and a balance amount of token which the data customer currently has. The code to be executed includes a set of computational operations. The balance amount of token is updated after execution of each computational operation in said distributed manner. The amount of token represents number of units for an entity which controls computational complexity of the code requested by the data customer. Link to Full Patent

This blockchain patent was originally filed on October 22, 2019  as U.S. Patent Application 16/660500 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11121874. The assistant examiner was Jenise E Jackson.

The University of Stavanger, 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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