Invention Grant
- Patent Title: Blockchain-based exchange with tokenisation
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Application No.: US16079446Application Date: 2017-02-14
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Publication No.: US11625694B2Publication Date: 2023-04-11
- Inventor: Craig Steven Wright , Stephane Savanah
- Applicant: nChain Licensing AG
- Applicant Address: CH Zug
- Assignee: nChain Licensing AG
- Current Assignee: nChain Licensing AG
- Current Assignee Address: CH Zug
- Agency: Davis Wright Tremaine LLP
- Priority: GB1603123 20160223,GB1603125 20160223
- International Application: PCT/IB2017/050818 WO 20170214
- International Announcement: WO2017/145003 WO 20170831
- Main IPC: G06Q20/06
- IPC: G06Q20/06 ; G06Q20/38 ; H04L9/32 ; G06F16/27 ; G06F16/182 ; H04L9/06 ; H04L9/08 ; H04L9/00

Abstract:
The invention provides a secure method for exchanging entities via a blockchain. The invention incorporates tokenisation techniques, and also techniques for embedding metadata in a redeem script of a blockchain transaction. Embodiment(s) provide a computer implemented method of performing an exchange of entities, the method comprising: receiving, from a first user over a communications network, a first invitation to perform the exchange, the first invitation comprising a first set of metadata associated with the invitation, wherein the first set of metadata comprises an indication of entities to be exchanged and a first set of conditions for the exchange; generating a first script, the first script comprising: the first set of metadata, a first user public key (P1A) associated with the first user, wherein the first user public key (P1A) is a cryptographic pair with a first user private key (V1A), and a first third-party public key (P1T) associated with a first third-party, wherein the first third-party public key (P1T) is a cryptographic pair with a first third-party private key (V1T); hashing the first script to generate a first script hash; publishing the first script and the first script hash on a distributed hash table (DHT) distributed across a first network; and broadcasting, on a second network, a first invitation transaction for inclusion on a peer-to-peer (P2P) distributed ledger, the first invitation transaction comprising an indication of a first quantity of a cryptocurrency to be transferred and the first script hash.
Public/Granted literature
- US20190057362A1 BLOCKCHAIN-BASED EXCHANGE WITH TOKENISATION Public/Granted day:2019-02-21
Information query