Influential Wells Fargo Bank, N.A. Blockchain Patent – Cryptographic algorithm status transition – US10476665

U.S. Patent 10476665 was awarded to Wells Fargo Bank, N.A. on November 12, 2019 and is entitled “Cryptographic algorithm status transition.” The first named inventor is Phillip H. Griffin of Raleigh, NC. The abstract contains an overview of the patent disclosure:

Various embodiments relate to a method performed by a processor of a computing system. An example method includes determining a first cryptographic algorithm utilized in a first block of a first blockchain. The first block of the first blockchain has a first unique block identifier. A second cryptographic algorithm utilized in a second block of the first blockchain is determined. The second block of the first blockchain having a second unique block identifier. A first cryptographic algorithm status transition (“CAST”) event is defined if the second cryptographic algorithm is different than the first cryptographic algorithm. A first CAST record is defined upon occurrence of the first CAST event. The first CAST record includes the second cryptographic algorithm and the second unique block identifier. The first CAST record is digitally signed and stored on a second blockchain. The second blockchain may be referenced out-of-band of the first blockchain. Link to Full Patent

This blockchain patent was originally filed on January 26, 2017  as U.S. Patent Application 15/417072 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10476665. The primary examiner was Samson B Lemma.

Wells Fargo Bank, N.A., who is the original assignee of this patent, has at least 1064 total granted patents in the United States as of the date of this article. This blockchain patent has been cited 4 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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