Blockchain-implemented method and system
AssigneenChain Licensing AG
InventorsGavin Allen, Craig Steven Wright
Life of this patent
Estimating the term…
Loading patent…
AssigneenChain Licensing AG
InventorsGavin Allen, Craig Steven Wright
Estimating the term…
This disclosure relates to use of a blockchain in implementing, controlling and/or automating a task or process. An embodiment of the disclosure may comprise the steps of: providing a blockchain transaction comprising a redeem script for an output, wherein the redeem script comprises: i) a plurality of input parameters, wherein each input parameter is uniquely associated with a potential state of at least one data source, which value is determined by a sensor and supplied to an unlocking script of a further transaction arranged to spend the output; and wherein one of the plurality of input parameters which is a target output parameter; ii) logic arranged is based on a calculation performed on the plurality of the input parameters provided by an unlocking script to provide an interim result. And each transaction output attempt has a different parameter comparing a target output parameter against the interim result.
A computer-implemented control method comprising:
Dependencies are inferred from the claim text.