- Patent Title: System and method for distributing data records using a blockchain
-
Application No.: US16604539Application Date: 2018-04-10
-
Publication No.: US11886420B2Publication Date: 2024-01-30
- Inventor: Martin Sewell , 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 05858 2017.04.11
- International Application: PCT/IB2018/052488 2018.04.10
- International Announcement: WO2018/189667A 2018.10.18
- Date entered country: 2019-10-10
- Main IPC: G06F16/00
- IPC: G06F16/00 ; G06F16/23 ; H04L9/08 ; H04L9/30 ; G06Q20/06 ; G06Q40/04

Abstract:
A computer-implemented method for transferring a total data record from an input node to an output node using a blockchain. The total data record may be a total payment, in some cases, such as using Bitcoin. The output node shares public key material and the input node selects unspent transaction outputs to use in paying the total value, and determines a plurality of outputs payable to the output node in fixed denominations. The input node generates an output address for each output using the public key material and a respective random number, and mixes the inputs and outputs in one or more coin mixing transactions. A nonce public key for each output, generated based on the respective random number, is shared with the output node either separately or through the blockchain, and the output node can derive the corresponding private key for each output address, enabling it to search for and identify the outputs to which it can then claim ownership.
Public/Granted literature
- US20210124731A1 SYSTEM AND METHOD FOR DISTRIBUTING DATA RECORDS USING A BLOCKCHAIN Public/Granted day:2021-04-29
Information query