US Patent Issued to NCHAIN LICENSING on April 14 for "System and method of multi-round token distribution using a blockchain network" (British Inventors)

ALEXANDRIA, Va., April 15 -- United States Patent no. 12,602,681, issued on April 14, was assigned to NCHAIN LICENSING AG (Zug, Switzerland).

"System and method of multi-round token distribution using a blockchain network" was invented by Daniel Joseph (London) and Silvia Bartolucci (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "A computer-implemented method to participate in a token transfer process for transferring a first quantity of token from a sender node to a recipient node using a blockchain is disclosed. The token transfer process includes a plurality of participating nodes and execution of a set of indirect token transactions between multiple pairs of the participating nodes. The method is ...