IP Library › Granted Patent US 12,505,438
Granted Patent B2
US 12,505,438 · App. 18/243,614 · Granted Dec 23, 2025

Secure provision of undetermined data from an undetermined source into the locking script of a blockchain transaction

Inventors: Ying Chan (Cambridge, GB); Dean Kramer (London, GB)
Assignee: NCHAIN LICENSING AG
G06Q20/389G06F16/2379G06F21/6209G06F21/645G06Q20/065G06Q20/0658G06Q20/36G06Q20/3674G06Q20/3825G06Q20/3829H04L9/0637H04L9/0643H04L9/30H04L9/3236H04L9/3239H04L9/3247G06Q10/10G06Q2220/00H04L9/3066H04L9/3252H04L9/50H04L2209/56
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Quick Facts
Patent No.
US 12,505,438
App. No.
18/243,614
Granted
Dec 23, 2025
Kind
B2
Abstract

The invention relates to distributed ledger technologies such as consensus-based blockchains. Computer-implemented methods for locking blockchain transactions are described. The invention is implemented using a blockchain network. A first locking script is configured in a blockchain network. The first locking script is executed together with a first unlocking script, based on data obtained by executing the first unlocking script and a set of constraints. Verification that a first set of field values of the unlocking blockchain transaction is obtained by executing the first unlocking script and the set of constraints against the unlocking blockchain transaction. Validating the unlocking blockchain transaction according to the set of constraints. Finally, making the locking blockchain transaction available to one or more nodes of the blockchain network.

Claims (39)

1 . A computer-implemented method for execution of a parametrized smart contract, the method comprising:

receiving, at a validation node in a blockchain network, an unlocking blockchain transaction to be validated, the unlocking blockchain transaction including a first unlocking script;

executing the first unlocking script to obtain data and a first set of field values of the unlocking blockchain transaction;

obtaining a locking blockchain transaction associated with the parameterized smart contract, the locking blockchain transaction including a first locking script;

executing the first locking script to cause the validation node to:

determine, based at least in part on the data obtained as a result of the execution of the first unlocking script of the unlocking blockchain transaction, a set of constraints;

verify, based at least in part on the first set of field values of the unlocking blockchain transaction obtained by executing the first unlocking script, the set of constraints against the unlocking blockchain transaction;

validating the unlocking blockchain transaction according to the set of constraints based on the verification of the set of constraints; and

recording the validated unlocking blockchain transaction to one or more nodes of a blockchain network.

2 . The computer-implemented method claimed in claim 1 , wherein the first locking script is configured to validate the unlocking blockchain transaction without verifying that an entity that created the unlocking blockchain transaction has access to secret information.

3 . The computer-implemented method claimed in claim 1 , wherein an identity of a source of the data obtained as a result of the execution of the first unlocking blockchain transaction is unconstrained by the first locking script.

4 . The computer-implemented method claimed in claim 1 , wherein the first locking script is further configured to constrain an identity of a source of the data.

5 . The computer-implemented method claimed in claim 1 , wherein the first locking script is configured to derive the set of constraints at least in part from a set of parameters in the data.

6 . The computer-implemented method claimed in claim 1 , wherein fulfilment of the set of constraints is a condition for reassociating of at least a portion of a digital asset.

7 . The computer-implemented method claimed in any claim 1 , wherein validating a first transaction includes reassociating a digital asset from a first entity to a second entity.

8 . The computer-implemented method claimed in claim 7 , wherein an identity of the second entity is determined based at least in part on the set of constraints.

9 . The computer-implemented method claimed in claim 1 , wherein a source of the data is a third blockchain transaction, wherein the first locking script is further configured to verify that a third transaction is associated with the first set of field values.

10 . The computer-implemented method claimed in claim 1 , wherein a source of the data is the locking blockchain transaction, wherein the data includes a second set of field values of the locking blockchain transaction, wherein the first locking script is further configured to derive the set of constraints at least in part from the second set of field values.

11 . The computer-implemented method claimed in claim 1 , wherein the set of constraints further cause at least a portion of a digital asset to be reassociated with a third entity.

12 . A system, comprising:

a processor; and

memory including executable instructions that, as a result of execution by the processor, causes the system to:

receive, at a validation node in a blockchain network, an unlocking blockchain transaction to be validated, the unlocking blockchain transaction including a first unlocking script;

execute the first unlocking script to obtain data and a first set of field values of the unlocking blockchain transaction;

obtain a locking blockchain transaction, the locking blockchain transaction including a first locking script;

execute the first locking script to cause the validation node to:

determine, based at least in part on the data obtained as a result of the execution of the first unlocking script of the unlocking blockchain transaction, a set of constraints;

verify, based at least in part on the first set of field values of the unlocking blockchain transaction obtained by executing the first unlocking script, the set of constraints against the unlocking blockchain transaction;

validate the unlocking blockchain transaction according to the set of constraints based on the verification of the set of constraints; and

record the validated unlocking blockchain transaction to one or more nodes of a blockchain network.

13 . 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:

receive, at a validation node in a blockchain network, an unlocking blockchain transaction to be validated, the unlocking blockchain transaction including a first unlocking script;

execute the first unlocking script to obtain data and a first set of field values of the unlocking blockchain transaction;

obtain a locking blockchain transaction, the locking blockchain transaction including a first locking script;

execute the first locking script to cause the validation node to:

determine, based at least in part on the data obtained as a result of the execution of the first unlocking script of the unlocking blockchain transaction, a set of constraints; and

verify, based at least in part on the first set of field values of the unlocking blockchain transaction obtained by executing the first unlocking script, the set of constraints against the unlocking blockchain transaction;

validate the unlocking blockchain transaction according to the set of constraints based on the verification of the set of constraints; and

record the validated unlocking blockchain transaction to one or more nodes of a blockchain network.

Assignments (7)
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Sep 8, 2023
From: CHAN, YING; KRAMER, DEAN
To: NCHAIN HOLDINGS LTD
Reel/Frame 064846/0952 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Sep 8, 2023
From: CHAN, YING; KRAMER, DEAN
To: NCHAIN HOLDINGS LTD
Reel/Frame 064847/0135 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Sep 8, 2023
From: CHAN, YING; KRAMER, DEAN
To: NCHAIN HOLDINGS LTD
Reel/Frame 064847/0232 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Sep 8, 2023
From: CHAN, YING; KRAMER, DEAN
To: NCHAIN HOLDINGS LTD
Reel/Frame 064847/0324 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Sep 8, 2023
From: CHAN, YING; KRAMER, DEAN
To: NCHAIN HOLDINGS LTD
Reel/Frame 064847/0412 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Sep 8, 2023
From: CHAN, YING; KRAMER, DEAN
To: NCHAIN HOLDINGS LTD
Reel/Frame 064847/0488 →
CHANGE OF NAME Recorded Sep 8, 2023
From: NCHAIN HOLDINGS LTD
To: NCHAIN LICENSING AG
Reel/Frame 064852/0452 →
Priority Claims (6)
GB 1708185 · May 22, 2017 · national
GB 1708190 · May 22, 2017 · national
GB 1708192 · May 22, 2017 · national
GB 1708196 · May 22, 2017 · national
GB 1708198 · May 22, 2017 · national
GB 1708200 · May 22, 2017 · national
Continuity (2)
Continuation 16616278
Related Publication 20230419318A1 · Dec 28, 2023
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