US Patent Issued to NCHAIN LICENSING on Jan. 27 for "Cryptographic method and system for secure extraction of data from a blockchain" (British Inventor)

ALEXANDRIA, Va., Jan. 28 -- United States Patent no. 12,536,599, issued on Jan. 27, was assigned to NCHAIN LICENSING AG (Zug, Switzerland).

"Cryptographic method and system for secure extraction of data from a blockchain" was invented by Craig Steven Wright (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "Techniques are presented for cryptographic secure processing, transmission and exchange of data. A computer implemented method is presented comprising associating one or more elements of a structure with a cryptographic sub-key derived from another cryptographic key, wherein the structure is formed by elements within a hierarchical entity, and the hierarchical entity has a plurality of elements organi...