US Patent Issued to nChain Licensing on July 29 for "Using blockchain transactions to provide off-chain functionality" (British Inventors)

ALEXANDRIA, Va., July 30 -- United States Patent no. 12,373,593, issued on July 29, was assigned to nChain Licensing AG (Zug, Switzerland).

"Using blockchain transactions to provide off-chain functionality" was invented by Chloe Tartan (London), Jack Davies (London), Jad Wahab (London), Wei Zhang (London), Owen Vaughan (London), Craig Wright (London) and Bassem Ammar (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method of executing transactions of a blockchain network. A first transaction comprises at least a first output comprising a first locking script of a stack-based scripting language, the first locking script comprising a portion of the first locking script to be executed before a first ins...