US Patent Issued to NCHAIN LICENSING on March 18 for "Method and system for efficient transfer of cryptocurrency associated with a payroll on a blockchain that leads to an automated payroll method and system based on smart contracts" (British Inventors)

ALEXANDRIA, Va., March 19 -- United States Patent no. 12,254,452, issued on March 18, was assigned to NCHAIN LICENSING AG (Zug, Switzerland).

"Method and system for efficient transfer of cryptocurrency associated with a payroll on a blockchain that leads to an automated payroll method and system based on smart contracts" was invented by Craig Steven Wright (London) and Stephane Savanah (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "The invention relates to blockchain technologies such as the Bitcoin blockchain, and the tokenisation of assets or entities. It is particularly suited for implementing a payroll on a blockchain platform and comprises a method (100) and system (1) of transferring cryptocurr...