ALEXANDRIA, Va., June 5 -- United States Patent no. 12,278,904, issued on April 15, was assigned to NCHAIN LICENSING AG (Zug, Switzerland).
"System and method for hierarchical token distribution on blockchain network" was invented by Daniel Joseph (London).
According to the abstract* released by the U.S. Patent & Trademark Office: "A computer-implemented method to generate a unidirectional commitment channel to send one or more tokens from a sender node to a recipient node using a blockchain is disclosed. The method is implemented by a processing resource that performs steps comprising: generating a first commitment transaction representing a commitment component in which a specified set of tokens is sent or committed for transfer from th...