BlackStar Enterprise Group Inc (BEGI)

[JohnnyRothrock]

..the Notice of Allowance was PR’d last week of October…here is PR and below is some info on length of process…usually like PR said takes about 4 weeks from Allowance…..but could be an extra 2 weeks for actual patent to be issued…meaning around Dec 8th or so. I dont know about fees …thats only a couple hundred….but anyways very exciting to reread the PR…i havent in about a week:


BlackStar will Receive a Patent on its Revolutionary Digital Trading Platform: A Blockchain Encrypted Infrastructure Designed to Enable Digital Assets that are Securities to Trade on a Blockchain.
Tuesday, 24 October 2023 09:30

BOULDER, CO / ACCESSWIRE / October 24, 2023 / BlackStar Enterprise Group, Inc. ("BlackStar") (OTC Pink:BEGI) BlackStar on 10/19/2023 received a ‘Notice of Allowance' from the United States Patent and Trademark Office (USPTO), for a patent application titled "System and Method for Matching Orders and Immutable Blockchain Ledger for all Customer Trading Activity with Settlement into the Broker Dealer Ecosystem." The technology claimed in the patent application enables trading of common shares of a public company on a blockchain. This revolutionary software is called the BlackStar Digital Trading PlatformTM ("BDTPTM"), a trading platform for electronic fungible shares in book-entry, and compliant at any U.S. Brokerage Firm.

When asked for comment, BlackStar's CEO, Joseph E Kurczodyna stated that "this may revolutionize blockchain trading of digital assets that are securities." When this patent issues in due course at the USPTO, likely in November 2023, BlackStar will have a registered patent that will give BlackStar a 20-year monopoly on digital equity trading of securities on a blockchain.

https://www.accesswire.com/795852/blackstar-will-receive-a-patent-on-its-revolutionary-digital-trading-platform-a-blockchain-encrypted-infrastructure-designed-to-enable-digital-assets-that-are-securities-to-trade-on-a-blockchain





October 22, 2021 By John DiGiacomo
One of the steps in the process of successfully obtaining a US patent is the patent applicant’s receipt of a Notice of Allowance. A Notice of Allowance is sent by the US Patent & Trademark Office (“USPTO”) to a patent applicant toward the end of the process. The document is sent after a USPTO patent examiner has determined that a patent should be issued. In other words, when a patent examiner has determined that all the legal requirements for patent issuance have been met, a Notice of Allowance is sent. In fact, the Notice of Allowance will state:

“THE APPLICATION IDENTIFIED ABOVE HAS BEEN EXAMINED AND IS ALLOWED FOR ISSUANCE AS A PATENT. EXAMINATION ON THE MERITS IS CLOSED.” (Caps and emphasis in original)

So, receiving a Notice of Allowance should be considered “great news.”

However, no patent has been issued yet. Indeed, the Notice of Allowance continues with the following statements:

“THIS NOTICE OF ALLOWANCE IS NOT A GRANT OF PATENT RIGHTS. THIS APPLICATION IS SUBJECT TO WITHDRAWAL FROM ISSUE AT THE INITIATIVE OF THE OFFICE OR UPON REQUEST BY THE APPLICANT.”

What are the Next Steps?

To complete the patenting process, fees must be paid to the USPTO. These fees are identified in the Notice of Allowance. In fact, technically, a Notice of Allowance is termed by the USPTO as a “Notice of Allowance and Fee(s) Due.” See example here.

The Notice is three pages, the second page of which is a fee remittal form. The Notice will state the amount of fees that are due for issuance of the patent and the date on which they are due. The fees are due within three months and there are no extensions granted. The remittal form must be completed and sent along with the required fees. Failure to remit the fees within three months will be deemed an abandonment of the patent application.

What About “Entity Status”?

The fees charged by the USPTO depend on the size of the entity submitting the patent application. Since patent applications take many months — and sometimes many years — to complete, an entity’s status may change over the months/years. Thus, the remittal form requires that micro-entities reaffirm their status as a micro-entity. Micro-entities have the lowest fees. If the entity status has changed, the remittal form allows for the status to be changed (which will increase the fees required).

What Happens Next?

Generally, under current USPTO processing practices, it takes about four weeks for the patents to be issued after the USPTO receives the issue fee(s). In the meantime, as part of actual issuance, the USPTO will assign a patent number. The USPTO will also mail what is called an Issue Notification. The actual patent will be issued about two weeks later.

The Issue Notification is important for any separate patent applicants that may need to be filed as a continuation patent. However, if a continuation patent needs to be filed, the USPTO recommends not waiting until the Issue Notification to avoid any potential loss of copendency.

https://revisionlegal.com/patent/what-is-a-patent-notice-of-allowance-and-what-are-the-next-steps/