Invention Grant
- Patent Title: System and method of multi-round token distribution using a blockchain network
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Application No.: US17977814Application Date: 2022-10-31
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Publication No.: US12073387B2Publication Date: 2024-08-27
- Inventor: Daniel Joseph , Silvia Bartolucci
- 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 09868 2017.06.20 GB 09871 2017.06.20
- Main IPC: H04L9/32
- IPC: H04L9/32 ; G06Q20/36 ; G06Q20/38 ; G06Q20/40 ; H04L9/00

Abstract:
A computer-implemented method to participate in a token transfer process for transferring a first quantity of token from a sender node to a recipient node using a blockchain is disclosed. The token transfer process includes a plurality of participating nodes and execution of a set of indirect token transactions between multiple pairs of the participating nodes. The method is implemented at a participating node performing steps of obtaining a subset of the indirect token transactions for which the participating node is either an input node or an output node, collaborating with a respective second participating node included in each indirect token transaction of the subset to generate a commitment channel for the indirect token transaction between the participating node and a second participating node, and collaborating with all other participating nodes in executing the indirect token transactions of the subset using the generated commitment channels.
Public/Granted literature
- US20230120073A1 SYSTEM AND METHOD OF MULTI-ROUND TOKEN DISTRIBUTION USING A BLOCKCHAIN NETWORK Public/Granted day:2023-04-20
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