US Patent Issued to NCHAIN LICENSING on Feb. 24 for "Systems and methods for parallel verification of blockchain transactions" (British, Luxembourger Inventors)

ALEXANDRIA, Va., Feb. 24 -- United States Patent no. 12,562,907, issued on Feb. 24, was assigned to NCHAIN LICENSING AG (Zug, Switzerland).

"Systems and methods for parallel verification of blockchain transactions" was invented by Patrick Motylinski (London), Stephane Vincent (Luxembourg), Giuseppe Destefanis (London), Simone Madeo (London) and Craig Steven Wright (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "A computer-implemented method to validate a block at a node within a network of nodes implementing a blockchain conforming to a blockchain protocol. This may be the Bitcoin protocol or an alternative. The method includes determining, serially, that each unspent transaction output referenced as ...