Blockchain-based method and system for specifying the recipient of an electronic communication
Abstract:
The invention provides a method and corresponding system for controlling a blockchain transaction output and/or specifying the recipient of the output. It also provides a method of controlling and/or generating an electronic communication. The invention is a blockchain-implemented solution, which may or may not be the Bitcoin blockchain. In a preferred embodiment of the invention, the method may comprise the step of sending an electronic notification to a notification address which is provided as metadata within an unlocking script of an input of a transaction (Txi) on a blockchain. The unlocking script is provided in order to spend an output from a further transaction (Tx2) on the blockchain. The input of the transaction (Txi) and/or the output of the further transaction (Tx2) may be associated with a tokenised asset represented on, or referenced via, the blockchain. The notification address may be associated with an asset or resource represented on the blockchain, or a controller of an asset or resource represented on the blockchain. The notification address may be a network address, a cryptographic key, a uniform resource locator (URI), email address or any other address or identifier which can be represented in the metadata of a transaction script and used as a destination for an electronic communication.
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