Invention Grant
- Patent Title: Procurement system using blockchain
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Application No.: US16052416Application Date: 2018-08-01
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Publication No.: US11410136B2Publication Date: 2022-08-09
- Inventor: Jane E. Cook , Andras L. Ferenczi , Nat Grauman , Nilesh Y. Jadhav , Harish R. Naik , Rosa W. Tang
- Applicant: American Express Travel Related Services Company, Inc.
- Applicant Address: US NY New York
- Assignee: American Express Travel Related Services Company, Inc.
- Current Assignee: American Express Travel Related Services Company, Inc.
- Current Assignee Address: US NY New York
- Agency: Thomas | Horstemeyer, LLP
- Main IPC: G06Q20/00
- IPC: G06Q20/00 ; G06Q20/06 ; G06Q20/38 ; H04L9/00 ; G06F16/27 ; G06F16/18

Abstract:
A procurement system and process using blockchain is disclosed. The procurement system may facilitate procurement reconciliation between procurement initiators, clients, suppliers, and/or transaction processors, using blockchain. Each party may comprise a blockchain node configured to interact with a procurement blockchain. The procurement process may be controlled by a billing smart contract and a client smart contract configured to enforce data workflows and establish trust between the parties.
Public/Granted literature
- US20200042960A1 PROCUREMENT SYSTEM USING BLOCKCHAIN Public/Granted day:2020-02-06
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