Influential Wells Fargo Bank, N.A. Blockchain Patent – Systems and methods for blockchain repair assurance tokens – US10747609

U.S. Patent 10747609 was awarded on 2020-08-18 and describes a “Systems and methods for blockchain repair assurance tokens.” 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. The abstract states:

Systems, methods, and apparatuses of created a repair token for a distributed ledger are provided. A method includes identifying an error in the distributed ledger, the error associated with a first block on the distributed ledger, creating a repair token including content of the first block and a correction to the error, digitally signing and timestamping the repair token, and publishing the repair token to a repair token ledger. Link to Full Patent

This patent was originally filed on 2018-07-10 which gives it an average processing time in the field. Wells Fargo Bank, N.A. has 1064 total patents. The first named inventor is Phillip H. Griffin of Raleigh, NC. The primary examiner was Esaw T Abraham.

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