US Patent Issued to NCHAIN LICENSING on July 28 for "Systems and methods for storage, generation and verification of tokens used to control access to a resource" (British Inventor)

ALEXANDRIA, Va., July 28 -- United States Patent no. 12,695,598, issued on July 28, was assigned to NCHAIN LICENSING AG (Zug, Switzerland).

"Systems and methods for storage, generation and verification of tokens used to control access to a resource" was invented by Craig Steven Wright (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "A computer-implemented access method is provided. The method comprises the steps of: (i) submitting, to a blockchain (such as the Bitcoin blockchain), an access blockchain transaction addressed to a derived public key derived at least in part from a secret value and a public key; (ii) generating a verification public key based at least in part on the secret value and the pu...