Invention Grant
- Patent Title: Secure off-chain blockchain transactions
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Application No.: US16613784Application Date: 2018-05-11
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Publication No.: US11842339B2Publication Date: 2023-12-12
- Inventor: Thomas Trevethan
- 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 07788 2017.05.15
- International Application: PCT/IB2018/053289 2018.05.11
- International Announcement: WO2018/211382A 2018.11.22
- Date entered country: 2019-11-14
- Main IPC: G06Q20/38
- IPC: G06Q20/38 ; G06Q20/06 ; H04L9/06 ; H04L9/32 ; H04L9/00

Abstract:
There may be provided a computer-implemented method. It may be implemented using a blockchain network such as, for example, the Bitcoin network. The computer-implemented method includes: i) attaching a digital asset of a first party to an exchange platform by: a) computing a first shared key associated with the digital asset using a key of the first party and a first key of the exchange platform; and b) depositing the digital asset to a blockchain network by: 1) generating a funding transaction payable to any party from the digital asset using the first shared key; and 2) broadcasting the funding transaction to the blockchain network; and ii) reassociating the digital asset from the first party to the second party by: a) computing a second key of the exchange platform using a key of the second party such that: 1) the key of the first party becomes invalid; and 2) a second shared key associated with the digital asset that is computed from the key of the second party and the second key of the exchange platform is equal to the first shared key associated with the digital asset; and b) replacing the first key of the exchange platform with a second key of the exchange platform.
Public/Granted literature
- US20200074464A1 SECURE OFF-CHAIN BLOCKCHAIN TRANSACTIONS Public/Granted day:2020-03-05
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