U.S. Patent 10521780 was awarded to UNITED SERVICES AUTOMOBILE ASSOCIATION (USAA) on December 31, 2019 and is entitled “Blockchain based transaction management.” The first named inventor is Bharat Prasad of San Antonio, TX. The abstract contains an overview of the patent disclosure:
Techniques are described for managing a transaction, such as a purchase of a vehicle or other product, using one or more blockchains. The completion of a transaction may be facilitated by providing an information portal, such as one or more application user interfaces, to enable the buyer, seller, or other parties to readily access blockchain-stored information that is relevant to the transaction. In some examples, where the product to be purchased is a vehicle (e.g., car, truck, motorcycle, boat, etc.), the blockchain-stored information may include information regarding the loan, title, insurance, driver’s license or other identification verification, vehicle ownership history, inspection history, repair history, lien information, and so forth. The portal also enables a point of contact to be maintained between the buyer and a lender during the process of purchasing the product. Link to Full Patent
This blockchain patent was originally filed on December 15, 2016 as U.S. Patent Application 15/380122 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10521780. The assistant examiner was Taylor S Rak.
UNITED SERVICES AUTOMOBILE ASSOCIATION (USAA), who is the original assignee of this patent, has at least 1657 total granted patents in the United States as of the date of this article. This blockchain patent has been cited 38 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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