The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
May. 21, 2024
Filed:
Feb. 01, 2019
Nchain Licensing Ag, Zug, CH;
nChain Licensing AG, Zug, CH;
Abstract
The invention relates to a method of enabling conditional access to resource. The condition is the performance of a task. The task can be performed by one party or entity on behalf of another party or entity. The person, device or system controlling access to the resource creates a task that includes the broadcast of a transaction on the blockchain. In particular the transaction (part of the task) has a plurality of outputs, including a locking-output. Additional transactions or mechanism are created that enable access to the resource only when the task has been completed. Access to the resource is achieved by (i) the initial broadcast of the resource that makes it conditionally available and (ii) the subsequent broadcast of the transaction, which fulfils or satisfies the condition that enables access to the resource. Multi-signatures and a refund mechanism are used by the parties to lock access to the resource. These multi-signatures are spread between the stages and transactions. The initial deposit broadcast makes the resource available, but access is prohibited because it is locked by a first multi-signature and allocated to a refund mechanism. The task, and transaction to be broadcast, are created wherein the transaction has a locking-output secured by a second multi-signature and also allocated to the refund mechanism. Access to the resource, however, requires both multi-signatures of the refund mechanism to have been signed and the broadcast of the main transaction.