Computer-implemented system and method for transferring access to digital resource
A computer-implemented method for transferring access to, or control of, a resource is provided. The method comprises the steps of providing a blockchain transaction redeemable to transfer control of a resource by providing a data item (S 1 ) to the first blockchain transaction, wherein the data item is determinable only by a controller of both a revealable value (s) and a secret value (k 0 ), and providing the revealable value to a controller of the secret value to enable said controller to determine the data item. The method may be carried out using the Bitcoin blockchain, or using a combination of different blockchains.
1 . A computer-implemented method, the method comprising the steps of:
generating a first signature comprising a first component and a second component from a data item and a first secret value, wherein the data item is a first private key of a first cryptographic key pair and is determinable only by a controller of at least the second component and the first secret value, and the first secret value is an ephemeral key used to generate the signature;
providing a first blockchain transaction redeemable to enable access to a first resource by providing at least the first signature to the first blockchain transaction, wherein the first blockchain transaction further requires providing a second signature to be redeemable, and a second cryptographic key pair is associated with an intended recipient of the first resource; and
providing the second component to a controller of the secret value to enable the controller to determine the data item, by:
providing a second blockchain transaction redeemable to enable access to a second resource by providing at least the second component of the first signature to the second blockchain transaction, wherein redemption of the second blockchain transaction causes the second component to be provided to the controller, and
redeeming the second blockchain transaction.
2 . The method of claim 1 , wherein the method further comprises:
generating the second signature comprising a third component and a fourth component from a second private key of the second cryptographic key pair and a second secret value; and
providing the second component to the controller.
3 . The method of claim 1 , wherein the data item comprises a deterministic private key of a deterministic cryptographic key pair, wherein a deterministic public key of the deterministic cryptographic key pair is derived using a first public key of the first cryptographic key pair and a second public key of the second cryptographic key pair.
4 . The method of claim 1 , wherein redemption of the first or second blockchain transaction comprises comparing a value stored in the first blockchain transaction to at least a portion of the first signature.
5 . A system, comprising:
a processor; and
memory including executable instructions that, as a result of execution by the processor, causes the system to:
generate a first signature comprising a first component and a second component from a data item and a first secret value, wherein the data item is a first private key of a first cryptographic key pair and is determinable only by a controller of at least the second component and the first secret value, and the first secret value is an ephemeral key used to generate the signature;
provide a first blockchain transaction redeemable to enable access to a first resource by providing at least the first signature to the first blockchain transaction, wherein the first blockchain transaction further requires providing a second signature to be redeemable, and a second cryptographic key pair is associated with an intended recipient of the first resource; and
provide the second component to a controller of the secret value to enable the controller to determine the data item, by:
providing a second blockchain transaction redeemable to enable access to a second resource by providing at least the second component of the first signature to the second blockchain transaction, wherein redemption of the second blockchain transaction causes the second component to be provided to the controller, and
redeeming the second blockchain transaction.
6 . A non-transitory computer-readable storage medium having stored thereon executable instructions that, as a result of being executed by a processor of a computer system, cause the computer system to:
generate a first signature comprising a first component and a second component from a data item and a first secret value, wherein the data item is a first private key of a first cryptographic key pair and is determinable only by a controller of at least the second component and the first secret value, and the first secret value is an ephemeral key used to generate the signature;
provide a first blockchain transaction redeemable to enable access to a first resource by providing at least the first signature to the first blockchain transaction, wherein the first blockchain transaction further requires providing a second signature to be redeemable, and a second cryptographic key pair is associated with an intended recipient of the first resource; and
provide the second component to a controller of the secret value to enable the controller to determine the data item, by:
providing a second blockchain transaction redeemable to enable access to a second resource by providing at least the second component of the first signature to the second blockchain transaction, wherein redemption of the second blockchain transaction causes the second component to be provided to the controller, and
redeeming the second blockchain transaction.