US Patent Issued to NCHAIN LICENSING on Dec. 23 for "Secure provision of undetermined data from an undetermined source into the locking script of a blockchain transaction" (British Inventors)

ALEXANDRIA, Va., Dec. 23 -- United States Patent no. 12,505,438, issued on Dec. 23, was assigned to NCHAIN LICENSING AG (Zug, Switzerland).

"Secure provision of undetermined data from an undetermined source into the locking script of a blockchain transaction" was invented by Ying Chan (Cambridge, Great Britain) and Dean Kramer (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "The invention relates to distributed ledger technologies such as consensus-based blockchains. Computer-implemented methods for locking blockchain transactions are described. The invention is implemented using a blockchain network. A first locking script is configured in a blockchain network. The first locking script is executed tog...