US Patent Issued to NCHAIN LICENSING on Jan. 28 for "Concurrent state machine processing using a blockchain" (British Inventor)

ALEXANDRIA, Va., Jan. 29 -- United States Patent no. 12,211,043, issued on Jan. 28, was assigned to NCHAIN LICENSING AG (Zug, Switzerland).

"Concurrent state machine processing using a blockchain" was invented by Dean Kramer (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "Trustless deterministic state machines can be implemented using a blockchain infrastructure and state machines can run concurrently over more than one blockchain transaction. The transactions can be done in a Bitcoin blockchain ledger. An unlocking transaction constraint that constrains an unlocking transaction to include a transaction input that references a previous transaction output is determined. A redeemable transaction is crea...