US Patent Issued to NCHAIN LICENSING on March 17 for "Smart contract execution using distributed coordination" (British Inventor)

ALEXANDRIA, Va., March 17 -- United States Patent no. 12,580,760, issued on March 17, was assigned to NCHAIN LICENSING AG (Zug, Switzerland).

"Smart contract execution using distributed coordination" was invented by Thomas Trevethan (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "Computer-implemented methods for smart contract outcome determination are described. Assent to determine an outcome of a set of conditions is communicated to a set of counterparties, with the set of conditions having a first possible outcome and a second possible outcome. A first private key share corresponding to the first possible outcome and a second private key share corresponding to the second possible outcome are genera...