U.S. Patent 10862671 was awarded to VISA INTERNATIONAL SERVICE ASSOCIATION on December 08, 2020 and is entitled “Global ownership registry.” The first named inventor is William Leddy of Georgetown, TX. The abstract contains an overview of the patent disclosure:

Described herein is a system in which an electronic record is stored on a distributed environment with respect to an item. In this system, transactions may be conducted for an item in an anonymous fashion. In some embodiments, a first user may input an item identifier associated with an item as well as an indication of an action to be performed with respect to that item. The identifier may be transmitted to a blockchain network, which may use that identifier to locate a blockchain associated with the item. A blockchain may include a series of transaction records associated with the item, each of which is signed using a private key. Upon performance of the indicated action, the blockchain network may generate a new transaction record, append that transaction record to the blockchain, and sign the transaction record. Link to Full Patent

This blockchain patent was originally filed on August 02, 2017  as U.S. Patent Application 15/667265 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10862671. The primary examiner was Christopher J Brown.

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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