U.S. Patent 11121881 was awarded to VISA INTERNATIONAL SERVICE ASSOCIATION on September 14, 2021 and is entitled “Event communication and verification through a blockchain network.” The first named inventor is Sukrit Handa of San Mateo, CA. The abstract contains an overview of the patent disclosure:

A method for verifying that event can take place before the event is executed is disclosed. A verification system is incorporated into an event processing network, such that the verification system can identify newly proposed events and determine whether they can be completed. The verification system can inform the network about verification results through distributed blockchain records. Other changes in event status can also be communicated through and stored in blockchain records. Link to Full Patent

This blockchain patent was originally filed on January 16, 2019  as U.S. Patent Application 16/249823 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11121881. The primary examiner was Michael S McNally.

VISA INTERNATIONAL SERVICE ASSOCIATION, who is the original assignee of this patent, has at least 1320 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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