New patents are issued by the USPTO on Tuesdays. Both of today's Spotlight Patents continue our theme of blockchains (distributed ledgers, smart contracts) and rights management broadly construed. Assigned to the Royal Bank of Canada (CA), the first of today's patents addresses techniques for digital reward processing utilizing distributed ledger technology. Assigned to Advanced New Technologies Co., Ltd. (KY), the second patent addresses techniques for blockchain-based judgment execution.
10,909,529, "Methods and systems for digital reward processing," assigned to the Royal Bank of Canada (CA)
Embodiments generally relate to the field of reward processing, and more particularly, systems, methods, and computer readable media for digital reward processing utilizing distributed ledger technology. Distributed ledger technology is utilized wherein distributed ledgers are stored on a plurality of node computing devices, the distributed ledgers including sequential entries that are cryptographically linked to one another.
10,909,644, "Blockchain-based judgment execution ," assigned to Advanced New Technologies Co., Ltd. (KY)
Disclosed herein are methods, systems, and apparatus, including computer programs encoded on computer storage media. One method includes: receiving a request associated with an account of a blockchain-based application for collecting a monetary award issued in an order of a court; determining a creditor, a debtor, and an amount of the monetary award; determining that the account is associated with the creditor based on data recorded on the blockchain; identifying, based on the data, a payment account of the creditor and one or more payment accounts of the debtor with an aggregated balance greater than or equal to the amount of the monetary award; transferring the amount of the monetary award from the one or more payment accounts of the debtor to the payment account of the creditor; and recording a verified time stamp representing a time the amount of the monetary award is transferred.