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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.:

US 12580760 B1

PDFFull Text
Date of Patent:
Mar. 17, 2026

Filed:

Sep. 14, 2018

Smart contract execution using distributed coordination

Applicant:

Nchain Licensing Ag, Zug, CH;

Inventor:

Thomas Trevethan, London, GB;

Assignee:

NCHAIN LICENSING AG, Zug, CH;

Attorney:

Tarolli, Sundheim, Covell & Tummino LLP

Primary Examiner:

Amir Mehrmanesh

Assistant Examiner:

Shadi H Kobrosli

Int. Cl.
CPC ...
H04L 9/14 (2006.01); G06Q 10/10 (2023.01); G06Q 20/08 (2012.01); G06Q 20/10 (2012.01); G06Q 20/12 (2012.01); G06Q 20/38 (2012.01); G06Q 20/40 (2012.01); G06Q 30/018 (2023.01); G06Q 40/02 (2023.01); H04L 9/00 (2022.01); H04L 9/08 (2006.01); H04L 9/30 (2006.01); H04L 9/32 (2006.01);
U.S. Cl.
CPC ...
H04L 9/14 (2013.01); G06Q 10/10 (2013.01); G06Q 20/085 (2013.01); G06Q 20/108 (2013.01); G06Q 20/1235 (2013.01); G06Q 20/38215 (2013.01); G06Q 20/3829 (2013.01); G06Q 20/401 (2013.01); G06Q 30/0185 (2013.01); G06Q 40/02 (2013.01); H04L 9/085 (2013.01); H04L 9/0861 (2013.01); H04L 9/30 (2013.01); H04L 9/3242 (2013.01); G06Q 2220/00 (2013.01); H04L 9/50 (2022.05); H04L 2209/16 (2013.01); H04L 2209/56 (2013.01);
Abstract

Computer-implemented methods for smart contract outcome determination are described. Assent to determine an outcome of a set of conditions is communicated to a set of counterparties, with the set of conditions having a first possible outcome and a second possible outcome. A first private key share corresponding to the first possible outcome and a second private key share corresponding to the second possible outcome are generated using a secret sharing protocol. An amount of a digital asset is transferred to an address associated with a first blockchain transaction. As a result of determining the outcome to be the first possible outcome, the first private key share is revealed within a particular time frame, with the first private key share usable, at least in part, by the set of counterparties to determine the outcome. The blockchain transaction is caused to be validated at a node in a blockchain network.

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