US Patent Issued to nChain Licensing on May 20 for "Computer-implemented system and method for determining or verifying location" (British Inventors)

ALEXANDRIA, Va., June 16 -- United States Patent no. 12,309,291, issued on May 20, was assigned to nChain Licensing AG (Zug, Switzerland).

"Computer-implemented system and method for determining or verifying location" was invented by Craig Steven Wright (Cardiff, Great Britain) and Daniel Joseph (Cardiff, Great Britain).

According to the abstract* released by the U.S. Patent & Trademark Office: "A computer implemented method is provided, which comprises the steps of: broadcasting a request for location data; receiving from a plurality of nodes location data comprising a distance and a public key corresponding to an area proximal to that node; selecting a public key which is common to a set of the plurality of nodes; and requesting the set...