System and method for transferring resources using a blockchain
Abstract:
A computer-implemented includes sending a public key associated with a particular node in a cyclically-ordered set of nodes participating in a blockchain network to an initiator node; receiving, by the particular node from a node immediately previous to the particular node in the cyclically-ordered set, a first value based on public keys associated with each node from the particular node through to the initiator node; determining a locking value based on the first value and the public key associated with the particular node; and preparing using the locking value, a transaction arranged to transmit control of a resource from a source address associated with the particular node to a receiving address of a node immediately subsequent to the particular node. The control of the resource is to be transmitted responsive to satisfaction of an execution condition including supply of an unlocking value corresponding to the locking value.
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