Granted Patent B2

US 12,670,489 · App. 16/320,995 · Granted Jun 30, 2026

Inventors: Stephane Savanah (London, GB); Craig Steven Wright (London, GB); Ying Chan (London, GB)

Assignee: NCHAIN LICENSING AG

G06Q20/29G06Q20/223G06Q20/3827G06Q20/389G06Q2220/00

Abstract

Claims (38)

1 . A computer implemented method comprising:

generating, by a processor, at least one smart contract;

generating, by the processor, for each of the at least one smart contract, a token;

generating, by the processor, a first transaction for the at least one smart contract;

transmitting, by the processor, the first transaction to a blockchain;

displaying, by the processor, the at least one smart contract with the corresponding token;

receiving, by the processor, a second transaction from a device of a customer wherein the second transaction comprises a cryptographic signature of the customer, an amount of digital currency and a script;

cryptographically signing, by the processor, the second transaction and transmitting, by the processor, the cryptographically signed second transaction to the blockchain;

receiving, by the processor, a third transaction from the device of the customer;

cryptographically signing, by the processor, the third transaction and transmitting, by the processor, the cryptographically signed third transaction to the script on the blockchain; and

transmitting, by the script, the amount of digital currency to an address associated with the processor or the device of the customer.

2 . The computer implemented method of claim 1 , wherein the second transaction is a deposit of the customer redeemable as a result of non-redemption in the third transaction.

3 . The computer implemented method of claim 1 , the computer implemented method further comprising:

initializing a locktime, by the processor, in response to the transmitting of the cryptographically signed second transaction, wherein the transmitting of the cryptographically signed third transaction further comprises determining the locktime has expired.

4 . The computer implemented method of claim 3 , wherein the token represents a digital asset to be utilized by the customer, and wherein the locktime is a predetermined amount of time that the customer contracted for access to the digital asset.

5 . The computer implemented method of claim 1 , wherein the third transaction is a refund request from the customer.

6 . A system, comprising a first computer and a second computer;

the first computer comprising:

a first processor;

a first non-transitory machine readable medium having first machine executable instructions that when executed by the first processor causes the first processor to execute first operations, the first operations comprising:

generating at least one smart contract;

generating for each of the at least one smart contract, a token;

generating a first transaction for the at least one smart contract;

transmitting the first transaction to the second computer;

displaying the at least one smart contract with the corresponding token;

receiving a second transaction from a device of a customer wherein the second transaction comprises a cryptographic signature of the customer, an amount of digital currency and a script;

cryptographically signing the second transaction and transmitting the cryptographically signed second transaction to the second computer;

receiving a third transaction from the device of the customer;

cryptographically signing the third transaction and transmitting the cryptographically signed third transaction to the script on the second computer; and,

the second computer comprising:

a second processor;

a second non-transitory machine readable medium having second machine executable instructions that when executed by the second processor causes the second processor to execute second operations the second operations comprising:

transmitting the amount of digital currency to an address associated with the first processor or the device of the customer.

7 . The system of claim 6 , wherein the second transaction is a deposit of the customer redeemable as a result of non-redemption in the third transaction.

8 . The system of claim 6 , the first operations further comprising:

initializing a locktime in response to the transmitting of the cryptographically signed second transaction, wherein the transmitting of the cryptographically signed third transaction further comprises determining the locktime has expired.

9 . The system of claim 8 , wherein the token represents a digital asset to be utilized by the customer, and wherein the locktime is a predetermined amount of time that the customer contracted for access to the digital asset.

10 . The system of claim 1 , wherein the third transaction is a refund request from the customer.

Assignments (3)

Priority Claims (1)

Continuity (1)

References Cited (36)