Methods and systems for the efficient transfer of entities on a blockchain

Abstract

A computer-implemented method to participate in a token transfer process for transferring a first quantity of token from a sender node to a recipient node using a blockchain is disclosed. The token transfer process includes a plurality of participating nodes and execution of a set of indirect token transactions between multiple pairs of the participating nodes. The method is implemented at a participating node that performs steps of: obtaining a subset of the set of indirect token transactions including only those transactions for which the participating node is either an input node or an output node; for each indirect token transaction in the subset, collaborating with a respective second participating node included in the indirect token transaction to generate a commitment channel between the participating node and the second participating node; and collaborating with all other participating nodes in executing the indirect token transactions using the generated commitment channels.

Dependencies are inferred from the claim text.