US Patent Issued to NCHAIN LICENSING on July 28 for "Methods and systems for blockchain-implemented event-lock encryption" (British Inventor)

ALEXANDRIA, Va., July 28 -- United States Patent no. 12,695,604, issued on July 28, was assigned to NCHAIN LICENSING AG (Zug, Switzerland).

"Methods and systems for blockchain-implemented event-lock encryption" was invented by John Fletcher (Cambridge, Great Britain).

According to the abstract* released by the U.S. Patent & Trademark Office: "A computer-implemented method includes encrypting a plaintext message to a cryptographic public key in accordance with an identity-based encryption scheme using at least a congress public key to generate an encrypted message, wherein the congress public key is associated with members of a congress, respective members of the congress having access to private key shares usable in a threshold decryption...