Invention Grant
- Patent Title: System and method for transferring resources using a blockchain
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Application No.: US16968545Application Date: 2019-02-01
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Publication No.: US11694198B2Publication Date: 2023-07-04
- Inventor: Silvia Bartolucci , Pauline Bernat , Daniel Joseph , Craig Steven Wright
- 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: GB 02063 2018.02.08
- International Application: PCT/IB2019/050811 2019.02.01
- International Announcement: WO2019/155331A 2019.08.15
- Date entered country: 2020-08-07
- Main IPC: G06Q20/22
- IPC: G06Q20/22 ; G06Q20/38 ; G06Q20/06 ; H04L9/06 ; H04L9/32 ; H04L9/00

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.
Public/Granted literature
- US20210042747A1 SYSTEM AND METHOD FOR TRANSFERRING RESOURCES USING A BLOCKCHAIN Public/Granted day:2021-02-11
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