US Patent Issued to nChain Licensing on March 11 for "Multifactor authentication using blockchain transactions" (British Inventors)

ALEXANDRIA, Va., March 12 -- United States Patent no. 12,250,313, issued on March 11, was assigned to nChain Licensing AG (Zug, Switzerland).

"Multifactor authentication using blockchain transactions" was invented by Daniel Joseph (London) and Craig Steven Wright (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method of providing credentials to enable a second party to verify an identity of a first party. The first party is associated with a first public key which is registered with a third party. One or more first credentials are provided to the second party. A request transaction is obtained, which comprises a) an input comprising a signature generated based on a respective private key of the thir...