US Patent Issued to nChain Licensing on March 31 for "Methods and systems for the efficient transfer of entities on a blockchain" (British Inventors)

ALEXANDRIA, Va., March 31 -- United States Patent no. 12,591,864, issued on March 31, was assigned to nChain Licensing AG (Zug, Switzerland).

"Methods and systems for the efficient transfer of entities on a blockchain" was invented by Craig Steven Wright (London) and Stephane Savanah (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "A computer-implemented method to participate in a token transfer process for transferring a first quantity of token from a sender node to a recipient node using a blockchain is disclosed. The token transfer process includes a plurality of participating nodes and execution of a set of indirect token transactions between multiple pairs of the participating nodes. The method is...