Influential Wells Fargo Bank, N.A. Blockchain Patent – Smart contract blockchain abstraction API – US10871948

U.S. Patent 10871948 was awarded to Wells Fargo Bank, N.A. on December 22, 2020 and is entitled “Smart contract blockchain abstraction API.” The first named inventor is Michael D. Dowling of San Francisco, CA. The abstract contains an overview of the patent disclosure:

A system, method, and apparatus for creating and managing smart contracts on a blockchain is provided. A method includes receiving smart contract code; detecting a code language of the smart contract code; determining an optimal blockchain platform to deploy the smart contract onto; compiling the smart contract code so as to generate smart contract byte code and metadata; storing the smart contract byte code and the metadata; deploying the smart contract byte code to the optimal blockchain platform; receiving an address of the smart contract deployed to the optimal blockchain platform; assigning a name to the address; and storing the assigned name and the address in a smart contract naming directory; wherein a smart contract computing system is configured to identify the address of the deployed smart contract in response to receiving the name from a user. Link to Full Patent

This blockchain patent was originally filed on May 31, 2017  as U.S. Patent Application 15/610311 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10871948. The primary examiner was Jonathan P Ouellette.

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 2 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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