ALEXANDRIA, Va., June 5 -- United States Patent no. 12,278,899, issued on April 15, was assigned to NCHAIN LICENSING AG (Zug, Switzerland).
"Blockchain-implemented method and system" was invented by Gavin Allen (London).
According to the abstract* released by the U.S. Patent & Trademark Office: "Techniques are provided for emulating or otherwise executing the functionality of a logic gate via a computer-based distributed ledger or blockchain. The method comprises the steps of automatically generating a blockchain transaction comprising a locking script for an output, wherein a corresponding redeem script: i) specifies a plurality of public keys, each associated with a corresponding private key; and wherein each public key is uniquely asso...