Method and system for directing an exchange associated with an anonymously held token on a blockchain

Abstract

The invention provides a method and corresponding system for controlling a transfer of an asset via a blockchain. It can also be used to control and record the ownership of an asset represented on the blockchain without the need for a separate registry of ownership. The ownership and transfers thereof can be handled and recorded without the need for knowledge of the parties involved or their identities. According to one embodiment, the method comprises steps of finding an anchor transaction to begin traversal of a transaction history, traversing the transaction history to determine a current unspent transaction output (UTXO) set, and creating a distributed transaction associated with an asset for the determined UTXO. Next, the distribution transaction is broadcasted and re-directed, by an asset owner, to a select private key of the owner. After the re-directing the distribution transaction, the asset is published on the blockchain.