US Patent Issued to nChain Licensing on Sept. 15 for "Computer-implemented system and method for trustless zero-knowledge contingent payment" (British Inventor)

ALEXANDRIA, Va., Sept. 15 -- United States Patent no. 12,737,753, issued on Sept. 15, was assigned to nChain Licensing AG (Zug, Switzerland).

"Computer-implemented system and method for trustless zero-knowledge contingent payment" was invented by Thomas Trevethan (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "This invention relates to a computer-implemented method for enabling zero-knowledge proof or verification of a statement (S) in which a prover proves to a verifier that a statement is true while keeping a witness (W) to the statement a secret. The method includes sending to the verifier a statement (S) represented by an arithmetic circuit configured to implement a function circuit and determine ...