US Patent Issued to POSTECH RESEARCH AND BUSINESS DEVELOPMENT FOUNDATION on Nov. 18 for "Blockchain-based trusted setup method for zero-knowledge proof and blockchain node using the same" (South Korean Inventors)

ALEXANDRIA, Va., Nov. 18 -- United States Patent no. 12,476,803, issued on Nov. 18, was assigned to POSTECH RESEARCH AND BUSINESS DEVELOPMENT FOUNDATION (Pohang-si, South Korea).

"Blockchain-based trusted setup method for zero-knowledge proof and blockchain node using the same" was invented by Chanik Park (Pohang-si, South Korea), Moon Hyeon Chung (Pohang-si, South Korea) and Dong Hyeon Ryu (Pohang-si, South Korea).

According to the abstract* released by the U.S. Patent & Trademark Office: "A blockchain-based trusted setup method for zero-knowledge proof (ZKP), performed by a specific node of a blockchain network, may comprise: transmitting a first hash value of a first common reference string (CRS) to a first node; receiving a second has...