US Patent Issued to NCHAIN LICENSING on Sept. 8 for "Implementing logic gate functionality using a blockchain" (British Inventors)

ALEXANDRIA, Va., Sept. 8 -- United States Patent no. 12,732,378, issued on Sept. 8, was assigned to NCHAIN LICENSING AG (Zug, Switzerland).

"Implementing logic gate functionality using a blockchain" was invented by Stephane Savanah (London) and Craig Steven Wright (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "Blockchain transactions are created to implement the functionality of a logic gate. Implementation may be on the Bitcoin platform or an alternative blockchain platform. The transaction includes a locking script which comprises instructions selected so as to implement the functionality of a logic gate such as the XOR gate. When the script is executed (because a second transaction is attempting t...