US Patent Issued to NCHAIN LICENSING on July 28 for "System and method for controlling asset-related actions via a block chain" (British Inventors)

ALEXANDRIA, Va., July 28 -- United States Patent no. 12,695,635, issued on July 28, was assigned to NCHAIN LICENSING AG (Zug, Switzerland).

"System and method for controlling asset-related actions via a block chain" was invented by Craig Steven Wright (London) and Gavin Allen (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "Presented herein are one or more embodiments with novel techniques of: defining an asset comprising at least one private cryptographic key, each private cryptographic key being associated with an owner of the asset; generating a registry comprising at least one public cryptographic key; generating a smart contract comprising at least one rule relating to an automated generation of o...