Invention Grant
- Patent Title: Dispute resolution cryptocurrency sidechain system
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Application No.: US17035070Application Date: 2020-09-28
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Publication No.: US11538033B2Publication Date: 2022-12-27
- Inventor: Frank Anthony Nuzzi
- Applicant: PayPal, Inc.
- Applicant Address: US CA San Jose
- Assignee: PayPal, Inc.
- Current Assignee: PayPal, Inc.
- Current Assignee Address: US CA San Jose
- Agency: Haynes and Boone, LLP
- Main IPC: G06Q20/38
- IPC: G06Q20/38 ; G06Q20/06 ; G06Q20/36

Abstract:
A dispute resolution cryptocurrency sidechain system includes a system provider that determines that a transaction amount for a transaction has been received at a first public ledger address on a public ledger from a second public ledger address and, in response, allocates a sidechain address on a dispute resolution sidechain ledger. The system provider then sends, through a network to a payer and a payee involved in the transaction, the sidechain address, and monitors the sidechain address for dispute communications. Based on detecting a first dispute communication that is received at the sidechain address and that is signed using a private key that identifies the payer, the system provider device causes a portion of the transaction amount that was received at the first public ledger address to be sent to the second public ledger address.
Public/Granted literature
- US20210081936A1 DISPUTE RESOLUTION CRYPTOCURRENCY SIDECHAIN SYSTEM Public/Granted day:2021-03-18
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