US Patent Issued to NCHAIN LICENSING on Sept. 23 for "Computer-implemented system and method for generating and extracting user related data stored on a blockchain" (British Inventors)

ALEXANDRIA, Va., Sept. 23 -- United States Patent no. 12,423,682, issued on Sept. 23, was assigned to NCHAIN LICENSING AG (Zug, Switzerland).

"Computer-implemented system and method for generating and extracting user related data stored on a blockchain" was invented by Martin Sewell (London), Vera Vsevolozhsky (London) and Craig Steven Wright (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "A computer implemented system and a method for providing user related data, such as reputational information, on users of a blockchain involved in transactions is detailed. The method includes an approach for evaluating fulfilment of transactions, particularly in the context of contracts, and then providing a record...