US Patent Issued to nChain Licensing on Nov. 25 for "Wallet application instantiation, keys derivation for signing blockchain transactions using a PUF device" (British Inventors)

ALEXANDRIA, Va., Nov. 25 -- United States Patent no. 12,481,982, issued on Nov. 25, was assigned to nChain Licensing AG (Zug, Switzerland).

"Wallet application instantiation, keys derivation for signing blockchain transactions using a PUF device" was invented by Craig Steven Wright (London) and Jack Owen Davies (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "A challenge is input to a PUF device comprising a physically unclonable function, PUF. The device generates a corresponding response. A wallet application is instantiated to use a seed determined from the response, the instantiating comprising storing a transform of the seed or response in association with the wallet application. At a later time, ...