US Patent Issued to NCHAIN LICENSING on May 20 for "System and method for authenticating off-chain data based on proof verification" (British, Luxembourger Inventors)

ALEXANDRIA, Va., June 16 -- United States Patent no. 12,309,257, issued on May 20, was assigned to NCHAIN LICENSING AG (Zug, Switzerland).

"System and method for authenticating off-chain data based on proof verification" was invented by Alexandra Covaci (London), Simone Madeo (London), Patrick Motylinski (London), Stephane Vincent (Luxembourg) and Craig Steven Wright (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "Determining when and/or how to execute a program or script published to a blockchain network may rely on data that is external to the blockchain (i.e., external data) such as data about the real-world state and events. A prover (e.g., a node of the blockchain network) may perform one or more...