Invention Grant
- Patent Title: Blockchain-implemented method and system
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Application No.: US16320083Application Date: 2017-07-21
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Publication No.: US11563574B2Publication Date: 2023-01-24
- Inventor: Gavin Allen
- Applicant: nChain Holdings Limited
- Applicant Address: AG St. John's
- Assignee: nChain Holdings Limited
- Current Assignee: nChain Holdings Limited
- Current Assignee Address: AG St. John's
- Agency: Davis Wright Tremaine LLP
- Priority: GB1613148 20160729,GB1613177 20160729,GB1613188 20160729
- International Application: PCT/IB2017/054423 WO 20170721
- International Announcement: WO2018/020370 WO 20180201
- Main IPC: H04L29/06
- IPC: H04L29/06 ; H04L9/14 ; G06Q20/38 ; G06Q20/36 ; G06F21/64 ; G06F21/30 ; H04W4/70 ; G06Q20/06 ; H04L9/06 ; H04L9/32 ; H04L9/08 ; H04L9/00

Abstract:
This invention relates generally to distributed ledger technology (including blockchain related technologies), and in particular the use of a blockchain in implementing, controlling and/or automating a task or process. It may relate to the use of a blockchain or related technology for recording or representing the execution of a portion of logic. This portion of logic may be arranged to implement the functionality of a logic gate, or plurality of logic gates, such as AND, XOR, NOT, OR etc. . . . . An embodiment of the invention may comprise the steps of: providing a blockchain Transaction comprising a redeem script for an output, wherein the redeem script comprises: i) a plurality of public keys, each associated with a corresponding private key; and wherein each public key is uniquely associated with a potential state of at least one data source; and wherein a minimum number of said private keys must be used to sign an unlocking script of a further blockchain Transaction in order to spend the output; and ii) logic arranged to provide a result based on: A) a determination of which of the plurality of associated private key(s) is/are used to sign the unlocking script, so as to provide an interim result: and B) a comparison of a parameter supplied via the unlocking script against the interim result. The method also comprises the step of attempting to spend the transaction output more than once, each attempt supplying a different parameter.
Public/Granted literature
- US20190356472A1 BLOCKCHAIN-IMPLEMENTED METHOD AND SYSTEM Public/Granted day:2019-11-21
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