US Patent Issued to NCHAIN LICENSING on June 10 for "Computer-implemented system and method for determining the state of a machine executable contract implemented using a blockchain" (British Inventors)

ALEXANDRIA, Va., June 18 -- United States Patent no. 12,327,241, issued on June 10, was assigned to NCHAIN LICENSING AG (Zug, Switzerland).

"Computer-implemented system and method for determining the state of a machine executable contract implemented using a blockchain" was invented by Pedro Jimenez-Delgado (London) and Craig Steven Wright (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "Computer-implemented systems and methods are detailed for establishing information on states of a machine-executable contract on a blockchain, for instance in the context of unspent transaction outputs (UTXOs) and the determination of states within deterministic finite automaton (DFA) implementations of contracts. The ...