US Patent Issued to NCHAIN LICENSING on Dec. 30 for "Implementing logic gate functionality using a blockchain" (British Inventors)

ALEXANDRIA, Va., Dec. 31 -- United States Patent no. 12,511,647, issued on Dec. 30, was assigned to NCHAIN LICENSING AG (Zug, Switzerland).

"Implementing logic gate functionality using a blockchain" was invented by Craig Steven Wright (London) and Stephane Savanah (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "Techniques are provided to implement the functionality of a logic gate by blockchain transaction. A method includes providing a locking script in a first transaction, comprising an instruction to process Boolean input; providing a further transaction having an unlocking script; processing an input signal to provide a Boolean input; and using the Boolean input to execute the locking and unlockin...