Invention Grant
- Patent Title: Blockchain-implemented method and system
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Application No.: US16320080Application Date: 2017-07-21
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Publication No.: US11271736B2Publication Date: 2022-03-08
- Inventor: Gavin Allen
- Applicant: nChain Holdings Limited
- Applicant Address: AG St. John's
- Assignee: nChain Holdings Limited
- Current Assignee: nChain Holdings Limited
- Current Assignee Address: AG St. John's
- Agency: Davis Wright Tremaine LLP
- Priority: GB1613148 20160729,GB1613177 20160729,GB1613188 20160729
- International Application: PCT/IB2017/054422 WO 20170721
- International Announcement: WO2018/020369 WO 20180201
- Main IPC: H04L29/00
- IPC: H04L29/00 ; H04L9/14 ; G06Q20/38 ; G06Q20/36 ; G06F21/64 ; G06F21/30 ; H04W4/70 ; G06Q20/06 ; H04L9/06 ; H04L9/32 ; H04L9/08

Abstract:
The invention provides a computer-implemented control method and corresponding system. The method may control or influence a device, system or other resource such as a technical process. The invention can provide a mechanism for emulating or otherwise executing the functionality of a logic gate via a computer-based distributed ledger (blockchain). This may be the Bitcoin blockchain or an alternative network/protocol. The invention provides logic embedded within a redeem script such that it determines which particular private keys have been used to sign an unlocking script, and then interprets the provision of those keys in accordance with a predetermined function. In a preferred embodiment, the method may comprise the steps of providing a blockchain Transaction comprising a redeem script for an output, wherein the redeem script: i) specifies a plurality of public keys, each associated with a corresponding private key; and wherein each public key is uniquely associated with a potential state of at least one data source; and ii) comprises logic arranged to provide a result based on which of the plurality of associated private key(s) is used to sign the unlocking script; wherein a minimum number of said private keys must be used to sign an unlocking script of a further blockchain Transaction in order to spend the output. Preferably, the logic is arranged to implement the functionality of a logic gate such as a NOT, AND, OR, NOR, XOR, IMPLY, NAND, NONIMPLY or XNOR gate.
Public/Granted literature
- US20190229911A1 BLOCKCHAIN-IMPLEMENTED METHOD AND SYSTEM Public/Granted day:2019-07-25
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