U.S. Patent 10643288 was awarded on 2020-05-05 and describes a “Use of blockchain based distributed consensus control.” This blockchain patent has been cited 3 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. The abstract states:

A system for the cryptographically-secure, autonomous control of devices comprising, connected to or remotely operating devices in an electrically powered network and the transaction of the benefits, costs or value created by or transacted through the devices in this electrically powered network. Link to Full Patent

This patent was originally filed on 2016-10-13 which gives it an average processing time in the field. TransActive Grid Inc. has 1 total patents. The first named inventor is Yun Wei of Brooklyn, NY. The primary examiner was Olusegun Goyea.

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