New Jersey Patent of the Month – March 2025

BlockSafe Technologies, Inc. has earned a patent for a breakthrough system that secures blockchain access. This innovation promises stronger control over decentralized networks.

Smarter, Safer Blockchain Use

The patent, titled “Systems and Methods for Controlling Access to a Blockchain,” introduces a five-part system that includes a security agent, controller, authenticator, rules engine, and policy engine. Each part works together to approve, reject, or limit blockchain actions.

Unlike traditional access models, this system uses clear rules to manage who can interact with the blockchain. The security agent checks messages before they reach the network, reducing the chance of unauthorized activity.

Real Impact for Enterprise Blockchain

This technology matters. It gives businesses a reliable way to keep sensitive blockchain data secure. For example, finance and healthcare companies can use the system to meet strict compliance needs.

Because it supports detailed access controls, organizations can tailor the system to match their internal policies. This flexibility increases trust and lowers risk—two must-haves in any blockchain environment.

With this patent, BlockSafe Technologies positions itself as a key player in enterprise blockchain security.

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.

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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.

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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.

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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.

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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/

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