US Patent Issued to NCHAIN LICENSING on July 1 for "Script based blockchain interaction" (British Inventors)

ALEXANDRIA, Va., July 3 -- United States Patent no. 12,346,898, issued on July 1, was assigned to NCHAIN LICENSING AG (Zug, Switzerland).

"Script based blockchain interaction" was invented by Ying Chan (Cambridge, Great Britain) and Dean Kramer (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "A computer-implemented method using a blockchain network includes: i) receiving, at a node in a blockchain network, a first transaction associated with a digital asset, the first transaction specifying at least: a) a first set of constraints on a second transaction to transfer control of the digital asset, the first set of constraints including one or more constraints that cause the second transaction to contain a...