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US Patent 11182788 Blockchain-based trustable guarantees

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Patent
Patent
1

Patent attributes

Patent Jurisdiction
United States Patent and Trademark Office
United States Patent and Trademark Office
1
Patent Number
111827881
Patent Inventor Names
Hui Zhou1
Xuming Lu1
Guojun Ye1
Date of Patent
November 23, 2021
1
Patent Application Number
171387441
Date Filed
December 30, 2020
1
Patent Primary Examiner
‌
Dante Ravetti
1
Patent abstract

Disclosed herein are methods, systems, and apparatus, including computer programs encoded on computer storage media, for processing blockchain-based guarantee information. One of the methods includes receiving a cyphertext of a digital document specifying a guarantee from a first computing device associated with a first guarantor and one or more zero-knowledge proofs (ZKPs) related to one or more values associated with the guarantee; verifying that the one or more ZKPs are correct; upon verifying that the one or more ZKPs are correct, storing the cyphertext to a blockchain based on performing a consensus algorithm; receiving a first message from a second computing device associated with a beneficiary or a representative of the beneficiary, the first message including an acceptance of the guarantee by the beneficiary; and updating a status of the guarantee to indicate that the guarantee has been accepted by the beneficiary.

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