Nevada Patent of the Month – February 2025
LedgerDomain has pioneered a breakthrough in securing clinical trial data using blockchain technology. This innovation eliminates inefficiencies in compliance and record-keeping while fortifying data integrity. Traditional methods rely on fragmented databases prone to human error and cyber vulnerabilities. By contrast, LedgerDomain’s system creates a tamper-proof, decentralized ledger that ensures trust and transparency without compromising security.
At the heart of this technology is an on-chain record origin—an encrypted version of the original clinical trial data, signed by its custodian. Any user seeking to verify an off-chain copy of this data can compare it to the immutable blockchain record. The system supports multiple levels of validation, allowing different stakeholders—regulators, researchers, and even study participants—to securely access the information they are authorized to see.
Beyond validation, this invention enhances accountability through a detailed chain of custody. Every time clinical data is accessed, validated, or updated, the blockchain records the action, creating a comprehensive provenance trail. Smart contracts enforce these processes, granting access only to those with proper permissions.
LedgerDomain’s blockchain-based approach does more than secure data—it redefines how clinical trials operate. Researchers can track patient outcomes over time, regulators can instantly audit data, and pharmaceutical companies can confidently analyze results without fear of manipulation. This system even supports advanced capabilities like anonymizing patient data and mixing information across studies for meta-analysis.
By replacing outdated, error-prone record-keeping with blockchain’s inherent security and efficiency, LedgerDomain is addressing one of the biggest bottlenecks in medical research. This invention not only streamlines compliance but also fosters collaboration and trust in an industry where data integrity is paramount.
Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.
Who We Are:
Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.
Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.
Are you eligible?
Why choose us?
Pass an Audit?
What is the R&D Tax Credit?
The Research & Experimentation Tax Credit (or R&D Tax Credit), is a general business tax credit under Internal Revenue Code section 41 for companies that incur research and development (R&D) costs in the United States. The credits are a tax incentive for performing qualified research in the United States, resulting in a credit to a tax return. For the first three years of R&D claims, 6% of the total qualified research expenses (QRE) form the gross credit. In the 4th year of claims and beyond, a base amount is calculated, and an adjusted expense line is multiplied times 14%. Click here to learn more.
Never miss a deadline again
Stay up to date on IRS processes
Discover R&D in your industry
R&D Tax Credit Preparation Services
Swanson Reed is one of the only companies in the United States to exclusively focus on R&D tax credit preparation. Swanson Reed provides state and federal R&D tax credit preparation and audit services to all 50 states.
If you have any questions or need further assistance, please call or email our CEO, Damian Smyth on (800) 986-4725.
Feel free to book a quick teleconference with one of our national R&D tax credit specialists at a time that is convenient for you.
R&D Tax Credit Audit Advisory Services
creditARMOR is a sophisticated R&D tax credit insurance and AI-driven risk management platform. It mitigates audit exposure by covering defense expenses, including CPA, tax attorney, and specialist consultant fees—delivering robust, compliant support for R&D credit claims. Click here for more information about R&D tax credit management and implementation.
Our Fees
Swanson Reed offers R&D tax credit preparation and audit services at our hourly rates of between $195 – $395 per hour. We are also able offer fixed fees and success fees in special circumstances. Learn more at https://www.swansonreed.com/about-us/research-tax-credit-consulting/our-fees/
Choose your state
