US Patent Issued to NCHAIN LICENSING on March 17 for "Secure re-use of private key for dynamic group of nodes" (British Inventors)

ALEXANDRIA, Va., March 17 -- United States Patent no. 12,580,733, issued on March 17, was assigned to NCHAIN LICENSING AG (Zug, Switzerland).

"Secure re-use of private key for dynamic group of nodes" was invented by John Fletcher (London), Thomas Trevethan (London) and Marco Bardoscia (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "Provided herein are a process, an apparatus, and an article of manufacture for confiscating a digital asset due to malicious members or malicious attacks. A process in the form of a computer-implemented method includes: i) detecting malicious activity by a malicious party, wherein the malicious party is one of the other members of the a congress; and ii) confiscating at lea...