U.S. Patent 11049128 was awarded to Worldpay, LLC on June 29, 2021 and is entitled “Decentralized computer systems and methods for using a debit network as an intermediary between distributed ledgers.” The first named inventor is Chandra Olson of Orlando, FL. The abstract contains an overview of the patent disclosure:
Decentralized computer systems and methods are disclosed for using a debit network as an intermediary between distributed ledgers. One method includes: receiving, at a first blockchain network from a merchant, transaction information comprising a consumer identification, an issuer identification from a payment vehicle presented for a transaction, and a transaction amount in resources of a first type, wherein the merchant and/or its acquirer are participants of the first blockchain network but the consumer and/or issuer are not participants of the first blockchain network; sending the transaction information to a debit network; identifying, using the debit network, a second blockchain network having the consumer and/or the issuer as participants, using the received consumer identification or issuer identification; and if participants of the second blockchain network accept the transaction, generating a new immutable entry to the second blockchain network indicating a change in the resources of a second type. Link to Full Patent
This blockchain patent was originally filed on February 07, 2018 as U.S. Patent Application 15/891177 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11049128. The primary examiner was Raquel Alvarez.
Worldpay, LLC, who is the original assignee of this patent, has at least 123 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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