U.S. Patent 10719816 was awarded to Wells Fargo Bank, N.A. on July 21, 2020 and is entitled “Systems and methods for math-based currency escrow transactions.” The first named inventor is Ashish Bhoopen Kurani of Burlingame, CA. The abstract contains an overview of the patent disclosure:

Systems and methods for facilitating the sale of an asset having digital title through two separate math-based currency (“MBC”) transactions. The first MBC transaction passes digital title from the seller to the buyer by incorporating the digital title or a pointer to the digital title in the metadata of the first MBC transaction. The second MBC transaction passes funds to the seller from the buyer (either directly or via an intermediary). Accordingly, the ownership chain of the asset can be traced and verified through a MBC blockchain or ledger that serves as a record of all MBC transactions. Link to Full Patent

This blockchain patent was originally filed on November 19, 2015  as U.S. Patent Application 14/946339 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10719816. The primary examiner was Bijendra K Shrestha.

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 5 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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