US Patent Issued to NCHAIN LICENSING on April 22 for "Computer-implemented system and method providing a decentralised protocol for the recovery of cryptographic assets" (British Inventors)

ALEXANDRIA, Va., June 6 -- United States Patent no. 12,284,287, issued on April 22, was assigned to NCHAIN LICENSING AG (Zug, Switzerland).

"Computer-implemented system and method providing a decentralised protocol for the recovery of cryptographic assets" was invented by John Fletcher (Cambridge, Great Britain) and Silvia Bartolucci (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "Techniques are presented to enable recovery of one or more digital assets held on a blockchain after a private key is lost. The computer implemented method comprises setting access for the one or more digital assets held on the blockchain under the public key Pk and accessible using the corresponding private key Sk of the us...